Car sales in Europe fell to the lowest level in 26 years

Car sales in Europe fell to the lowest level in 26 years 1




In June, Europe registered the lowest number of new passenger cars since 1996 – just over 1.06 million, with sales of some automakers falling by almost 50%.

This is evidenced by the data of the European Automobile Association, writes Reuters.

The German Volkswagen Group suffered more among the major automakers with almost a quarter fewer sales than in June last year.

However, in the first half of the year, Stellantis Corporation recorded the largest drop by 21.1%.

Among small brands, the number of new registrations at Volvo fell by 47.9% in June and by 28.5% in the first half of the year, while Jaguar Land Group recorded a smaller drop in June by 13.2%, but overall this year the drop was 34.7%.

Major car manufacturers from BMW to Stellantis have reported falling sales worldwide in recent weeks ahead of their results for the second quarter of this month.

All four major European Union markets – Spain, Italy, Germany, and France – reported a decline in car registrations.