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New car sales in the European Union fell sharply in August

New passenger car registrations in the European Union fell sharply in August and almost all member states were not spared, the European Automobile Manufacturers' Association has reportedly said. New car registrations are an indicator of sales. New car registrations in the European Union fell 19 per cent in August from a year earlier to 769,525 vehicles, following a 5.7 per cent fall in July, according to the association. The European Automobile Manufacturers Association said: "The EU car market experienced another sharp decline in August, although not as severe as earlier in the year." Of the major EU markets, Germany and France saw the lowest demand in August, with new car registrations both down 20 percent, while Italy fared relatively well, with registrations down 0.4 percent, the report said. New car registrations in Germany fell 20 percent year-on-year to 251,100 units in August, according to the German Automobile Industry Association, according to data from the Chinese Ministry of Commerce. New car registrations in Germany fell 29 percent to nearly 1.8 million vehicles in the previous August. In addition, new car registrations in Italy fell 0.43 percent year-on-year to 88,801 units in August, with the country's biggest carmaker Fiat Chrysler down 2.65 percent, according to the Italian Transport ministry. New car registrations in Italy fell 38.9 per cent year-on-year to 809,655 in the first eight months of the year. The European Automobile Manufacturers' Association said the market share of electric vehicles in the European Union rose to 7.2 percent of total sales in the second quarter of 2020, the Ministry of Commerce reported, citing Italia. New car registrations in general have fallen in the wake of the COVID-19 pandemic, with diesel and petrol cars in particular hit hard, although they still account for more than 80% of car sales.

2020

09-19

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