In January 2021, new car registrations fell by in January 2021, marking the lowest January total on record to date, according to the latest figures released by ACEA.
In January 2021, the EU passenger car market saw a robust decline as COVID-related restrictions continued to affect most countries. Also, ACEA highlighted that many markets had one business day less than in January 2020. As a result, new car registrations tumbled by 24.0% from 956,447 units in January 2020 to 726,491 units this year, marking the lowest January total on record to date.
Most EU markets suffered heavy losses in January, including three of the four major ones: Spain was the hardest-hit (-51.5%), followed by Germany (-31.1%) and Italy (-14.0%). With a slight drop of 5.8%, France was the best performing major market. ACEA’s statistics show Sweden (+22.5%) and France were the only EU countries that did not post double-digit drops in January.