Business

Corona blow to European car market

The bad trend in the European car market since last year, especially due to the coronavirus epidemic, continues in 2021. According to figures released by Acea (European Automobile Manufacturers Association), one of the most important lobbying organizations in the sector, 726 thousand 491 vehicles were licensed within the European Union (EU) last January. This corresponds to the previous month, a decrease of 24 percent compared to December 2020.

In Germany, the Federal Automobile Agency (KBA) previously announced that the number of new licensed vehicles in January 2021 decreased by a third compared to the previous month, so pandemic restrictions on the one hand, and discounted value added to improve the situation with the new year showed that the tax application is over.

The situation in other European countries

In Spain, one of the other European countries, car sales fell by half, in Italy by 14 percent. France, one of the least affected countries in the sector, experienced only a 5.8 percent decline in the same period. Car sales in Sweden, unlike other countries, increased by 22.5 percent in January. According to Acea, car sales in the EU only in France and Sweden did not fall by two percent.

Although German carmakers Volkswagen, Daimler and BMW saw double-digit sales fall, Volkswagen was the company most affected by the downturn. Opel, part of Stellantis, a French-Italian partnership (Peugeot and Fiat), saw a 32.4 percent decline in sales.

dpa, Reuters / ET, TY

© Deutsche Welle Turkish

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