BusinessEurope new car sales still below pre-Covid level

Europe new car sales still below pre-Covid level

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Paris, France: In the first half of this year, Europe’s new car market sold 1.5 million fewer vehicles than in the same period last year, according to sector figures released on Friday.

The market increased by 25.2 percent from the Covid-affected first half of 2020, but it remained well behind the roughly seven million sales recorded in the first half of 2019, according to the European Automobile Manufacturers’ Association.

On a one-year basis, comparing the first half of 2021 to the same period in 2020, Italy had the largest rise of 51.4 percent, while Belgium had the worst outcome with a 16.3 percent decline.

This year, the Volkswagen group, which includes brands like Audi, Porsche, and Skoda, accounted for 26.4 percent of the market, while Stellantis, which owns brands like Fiat, Peugeot, and Jeep, was close behind at 23.1 percent.

BMW-Mini, Hyundai-Kia, and Toyota, among other brands, increased their market share, while Ford and Daimler decreased.

With AFP inputs.

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