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The European car market fell in October due to restrictions taken to limit the spread of the coronavirus, but Romania was the country where car sales had the strongest growth rate, according to data released Wednesday by the European Automobile. Manufacturers Association (ACEA), broadcasts AFP, according to agerpres.ro.
According to the cited source, 1,129 million cars were registered in the European Union, the UK and EFTA countries (Iceland, Liechtenstein, Norway and Switzerland) in October 2020, down 7.1% from 1,215 million units, registered in the same month in 2019.
Instead, the Romanian car market jumped 17.6% in October 2020 to 12,523 cars, up from 10,649 cars in October last year. Among the Member States, only Ireland recorded an increase (5.4%) in car sales in October.
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ACEA points out that all EU car markets continued to decline in October. Sales in Spain and France decreased by 21% and 9.5% respectively, while Italy, Germany and the UK decreased more moderately by 0.2%, 3.6% and 1.6% respectively.
As for the major car manufacturers, Volkswagen Group and PSA sales fell by 7.5% and 5.3%, respectively, in October, while Renault sales increased by 0.5%.
Dacia car registrations in the EU, UK and EFTA countries only increased by 0.1% in October to 38,749 units, but Dacia’s market share rose to 3.4% in October 2020, from then 3.2% in the same month last year.
European governments are taking steps to save the automotive sector, which has been hit by a slump in demand due to the coronavirus crisis. On Tuesday evening, the German government announced that it will allocate five billion euros for the development and production of environmentally friendly cars. For its part, France is extending incentives to help people buy new cars and the Italian government is setting aside hundreds of millions of euros to support the automotive sector.
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