Carlos Tavares, CEO of Stellantis
Auto market, registrations in Europe drop by 29.3%. The largest decline is in Italy
Red autumn for the car market: after the setback that began in the summer months, last October the new registrations of cars in Europe, also considering the Uito Kingdom, are decreased by 29.3%, descending to altitude 798.693 unit. The photograph comes from the monthly update of Acea, the European association of manufacturers.
In Europe alone the registrations new passenger cars contracted by 30.3%, marking the fourth consecutive month of decline this year. With 665,001 units sold across the region, it is the weakest result in terms of volume for an October month since the record began.
Most of Europe's markets suffered double-digit losses, including the largest four: Italy (-35.7%), Germany (-34.9%), France (-30.7%) e Spain (-20.5%). Considering the ten months of 2021, registrations of new cars in the whole of Europe are, on the other hand, positive, rising by 2.7% to 9.96 million. Similar trend in Europe alone where registrations increased by 2.2% compared to a year earlier, for a total of about 8.2 million units.
Despite the recent decline in sales due to the ongoing impact of the semiconductor supply crisis, i substantial earnings at the beginning of the year have, indeed, contributed to keeping cumulative volumes in positive territory. Similarly, demand remained positive in three of the EU's four key markets: Italy (+ 12.7%), Spain (+ 5.6%) and France (+ 3.1%). Conversely, Germany's year-to-date performance worsened compared to a year ago (-5.2%).
Even in a negative market, Stellantis was the automotive group that sold the most in Europe: last month the group registered 165,866 cars, 31.6% less than in the same month of 2020, with a market share of 20.8% against 21.5% last year.
In the first ten months, sales amounted to 2,029,330, 3.2% more than in the same period of 2020, with a market share of 20.4% compared to 20.3%. Volkswagen sold 165,309 cars (-41.9%) last month and the group Renault 81,220 (-31.5%).
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