The European market (PC + LUV) declined by 23.5% in 2020
- The European market for passenger cars (PCs) and light utility vehicles (LUVs) declined by 23.5% in 2020 compared to 2019, to 13,745,166 units against 17,981,186 in 2019, due to the coronavirus crisis. This is a very poor result compared to the world market which dropped by almost 14%. The European market thus returned to the 2013 level, the worst year of the decade, following the financial crisis of 2008-2009 which resulted in several years of austerity with a limited demand for automobiles on this region between 2010 and 2013.
- The European market was one of the regions most affected by the coronavirus in 2020, causing plants to shut down during the spring for one month to one month and a half, depending on the country and the carmaker.
- However, we can observe that on one hand the light utility vehicles market suffered less than the passenger car market (-18.0% against -24.3%) and on the other hand, the European Eastern countries suffered a little less than the Western countries (-23.0% against -24.5%). But the drop remains significant in all cases.
- In this context, the VW group remains the market leader in Europe, with a 25.4% market share, ahead of the PSA (14.4%) and Renault-Nissan (13.6%) groups, which are well ahead of the groups BMW (7.1%), Hyundai-Kia (7.0%), Daimler (6.4%), FCA (5.8%), Toyota (5.8%) and Ford (5.5%). SUVs represented 41% of the European passenger car market in 2020, against 38% in 2019 and 35% in 2018. Battery Electric (BEV) and plug-in hybrid (PHEV) vehicles represented 1,367,138 units in 2020, or 11,5% of the European market, against 3.5% in 2019 and 2.5% in 2018. The share of these motorisations tripled between 2019 and 2020.
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