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For more information you can review our For inquiries related to this message please In the light of the major economic crisis facing the auto industry due to COVID-19, the European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about -25%.. This effectively means that the industry association expects car sales in the European Union to tumble by more than 3 million from 12.8 million units in 2019 to some 9.6 million units this year. EU car sales forecast 2020: Record drop of 25% expected this year, says ACEA 17/06/2020 Passenger car registrations: -41.5% five months into 2020; -52.3% in May The association revised its forecast radically due to the economic challenges the COVID-19 pandemic poses to the auto industry. ACEA forecasts record 25% drop in car sales.

Nonetheless, in terms of volumes, ACEA's forecast for 2020 represents the lowest number of new cars sold since 2013, when the industry had come through six consecutive years of decline in the aftermath of the 2008-2009 financial crisis. The European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about -25% in light of the major economic crisis facing the auto industry due to COVID-19.

Forecasting the first downturn in EU car sales in seven years, the Brussels-based lobby group said it expects registrations to drop 2 percent in 2020. Around 3 million fewer cars will be sold in 2020 according to the forecast.

This situation is expected to ease to a certain extent in the coming months as lockdown and containment measures are lifted throughout the region.Nonetheless, in terms of volumes, ACEA’s forecast for 2020 represents the lowest number of new cars sold since 2013, when the industry had come through six consecutive years of decline in the aftermath of the 2008-2009 financial crisis. The European Automobile Manufacturers’ Association (ACEA) predists that the market for cars in Europe will be down a quarter in 2020.

'Given the unprecedented collapse in sales to date, purchase incentives and scrappage schemes are urgently required right across the EU to create much-needed demand for new cars. To continue, please click the box below to let us know you're not a robot.Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. Nonetheless, in terms of volumes, ACEA's forecast for 2020 represents the lowest number of new cars sold since 2013, when the industry had come through six consecutive years of decline in the aftermath of the 2008-2009 financial crisis. 'ACEA maintains hope that this dramatic scenario can be mitigated through fast and strong measures by the EU and national governments,' stated ACEA Director General, Eric-Mark Huitema. In terms of percentage change, the bleak outlook represents the sharpest drop ever witnessed by Europe’s automobile sector. *** Brussels, 23 June 2020 – In the light of the major economic crisis facing the auto industry due to COVID-19, the European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about -25%. Sales ended 2019 … Nonetheless, in terms of volumes, ACEA’s forecast for 2020 represents the lowest number of new cars sold since 2013, when the industry had come through six consecutive years of decline in the aftermath of the 2008-2009 financial crisis.