The European market of passenger cars is down 29.4% over 9 months 2020
- The European passenger car market (29 countries) fell by 29.4% over the first 9 months of 2020, compared to the first 9 months of 2019, while the decline reached -39.4% over the first 6 months of 2020, -42.8% over the first 5 months and -39% over the first 4 months, compared to the same period of 2019. The European market improvement is therefore real, but this improvement is slow and laborious, especially when we compare these figures to those of China, Japan or the United States. Over the first 9 months of 2020, China is at -12.1%, the United States at -17.7% and Japan at -18.1%. Europe is therefore the big loser from the coronavirus crisis.
- Certainly, September 2020 returned to pre-crisis levels for the first time, but firstly the significant share of lost sales (estimated at nearly 3.5 million private vehicles) will not be caught up either in 2020 or in 2021, and secondly, the lock down in parts European countries (at a local or national level) in Europe do not let us expect a rise of the European market during the fourth quarter; it is even the contrary.
- Consequently, the fourth quarter could be worse than it was last September, and under these circumstances, the European market could end the year with a decline of 25% or even 30%. With a fourth quarter of 2020 at the same level as that of 2019, an unlikely scenario, the European market could not do better than -22.5%.
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