In July 2021, the European new passenger car market suffered a “significant setback after four months of accelerated growth” according to the latest figures from the European Automobile Manufacturers’ Association (ACEA) .

In August, car registrations across the European Union decreased by 19.1% compared to the same month last year to reach 622,993 units. For the second month in a row, the largest car markets posted double-digit declines: Spain (-28.9%), Italy (-27.3%), Germany (-23.0%) and France (-15.0%).

Over the first eight months of 2021, sales volumes saw a year-on-year increase of 11.2%, counting 6.8 million new passenger cars in total. Despite the weak performance of EU markets during the summer months, substantial gains earlier in the year kept cumulative growth in positive territory. As a result, each of the four major markets are up so far this year compared to 2020: Italy (+30.9%), France (+12.8%), Spain (+12.1%) and Germany (+2.5%).

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