European new car sales see 24.1% slump year-on-year for June

16.07.2020 - Petr Mazaylo
European new car sales see 24.1% slump year-on-year for June

European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed.

In June, passenger car sales were down by 24.1% when compared to a year ago, with new registrations reaching around 1,131,843 vehicles in countries located in the European Union, Britain, and the European Free Trade Association (EFTA).

In May, car sales fell by 56.8%. However, sales in France increased by 1.2%, boosted by government incentives for low-emission vehicles that were introduced earlier in the month.

New registrations in Germany slumped by 32.3%, while in Spain, Italy and, Portugal saw sales tumble by 36.7%, 23.1%, and 56.2% respectively.

Overall car sales had plummeted 39.5% during the first half of 2020 as the COVID-19 pandemic continued to disrupt supply chains and showrooms across Europe.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?