European new car sales dropped 7.4% in January

by SpeedLux
Berlin, Germany

European car sales dropped in January, hit by a slow global economy, higher car taxes in some EU countries and the situation concerning Britain’s departure from the bloc, the European Auto Industry Association (ACEA) stated on Tuesday.

In January, new car registrations declined 7.4% to 1.135 million vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, statistics by ACEA revealed.

Sales dropped 13.4% in France, 7.3% in Germany and 7.6% in Spain. In Sweden, a higher tax on cars, which went into effect this year, pushed sales down 18% in January, the biggest drop in the EU countries, after a 109% increase in December.

Volkswagen’s sales dropped 0.4% in January, while Renault and PSA Group posted a decline of 16.3% and 12.9%. BMW was among the few automakers reporting who reported a boost in their European sales last month, increasing 5.2%, while demand for Daimler dropped 10.4%.

The drop also comes as the coronavirus outbreak in China, the world’s largest automobile market, is expecting to impact markets during this month as well.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More