COVID-19 Sparks Biggest Decline in Car Sales in EU
BRUSSELS—The COVID-19 pandemic has sparked the biggest decline in car production in Europe on record, according to data published last week by the European Automobile Manufacturers Association (ACAE). The ACAE says new car registrations across the European Union fell by 23.7 percent in 2020, the biggest year-on-year decline since the organization began collecting data.
Three million fewer cars rolled off lots last year when compared to 2019, with just 9.9 million registrations last year across the 27-country bloc. The ACAE blamed the COVID-19 pandemic, which disrupted car assembly lines and dented demand.