Sales of new cars decreased by 217 thousand in February compared to last year. . The smallest decline was seen in Sweden (5.27%) while sales in Portugal dropped the most (-59.0%). Volkswagen Group sold the most cars in February 2021 in Europe, some 219 thousand vehicles representing 25.7% of the European market.
New passenger car registrations in the European Union dropped by 19.3% in February, as COVID containment measures and uncertainty continue to weigh heavily on demand. The 771,486 units registered marks the lowest February total on record since 2013.
In February, most vehicles (194 thousand) were sold in Germany (down 19.0% yoy), followed by Italy (143 thousand, down 12.2%), France with 133 thousand cars (down 20.9%), 58.3 thousand new vehicles were registered in Spain (down 38.4%) and 51.3 thousand in the United Kingdom (down 35.5%). The five largest countries accounted for 62.1% of total new vehicles registered in February 2021.
In relative terms, sales in Sweden (+5.27%) and Norway (+3.30%) declined the least compared to a year ago, whereas registration in Portugal and Lithuania dropped the most (-59.0% and -47.5% yoy), in February 2021, according to ACEA.
Volkswagen Group sold the most cars in February 2021 in Europe, some 219 thousand vehicles representing 25.7% of the European market. Sales of PSA Group amounted to 144 thousand vehicles (or 16.9% of the market) while Renault Group and Hyundai Group held 8.70% and 7.20% of the European market in February. Overall, the five largest manufacturers sold 65.4% of all new cars in February.