In January 2020 the passenger car market, the EU declined by 7.5% to 779 956 units. A sharp drop in sales contributed to changes in taxation made by some member States of the EU for 2020, resulting in many buyers moved the registration of cars in December 2019.
Among others contributing to a drop in demand factors were the weakening of global economic conditions and the uncertainty caused by the British withdrawal from the European Union.
as a result, the demand for new passenger cars in the four main EU markets fell during the first month of 2020. Most of all fell in France (-13,4%), then Spain (-7,6%), Germany (-7,3%) and Italy (-5,9%).
In December 2019, the demand for passenger cars in the EU grew by 21.7%, which is the highest in the entire history of observations.
overall, in 2019 the number of registered new cars in the European Union increased by 1.2%, reaching a total of more than 15.3 million units.
