New car registrations in Europe decreased in October after rising in the previous month, as several countries in the region returned to lockdown amid a second wave of the coronavirus or Covid-19.
EU passenger car registrations decreased 7.8 percent year-on-year to 953,615 units, following a 3.1 percent increase in September, the Brussels-based European Automobile Manufacturers Association, or ACEA, said Wednesday.
The growth in September was the first this year. Registrations plunged over 76 percent in April at the peak of the pandemic.
Demand plummeted 21 percent in Spain, and fell 9.5 percent in France, 3.6 percent in Germany and 0.2 percent in Italy. Only Ireland and Romania logged gains in October.
In the January to October period, registrations shrunk 26.8 percent, or by 2.9 million units, from the same period last year.
The material has been provided by InstaForex Company – www.instaforex.com
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