Sales of new cars decreased by 303 thousand in July compared to last year. In the first seven months of the year, the growth reached 16.9% yoy . The smallest decline was seen in Ireland (24.8%) while sales in Belgium dropped the most (-38.0%). Volkswagen Group sold the most cars in July 2021 in Europe, some 270 thousand vehicles representing 27.6% of the European market.
In July 2021, the European passenger car market suffered a significant setback after four months of accelerated growth, with new registrations down 23.2% to 823,949 units. The four major markets showed similar trends, all posting strong losses.
In July, most vehicles (236 thousand) were sold in Germany (down 24.9% yoy), followed by the United Kingdom (123 thousand, down 29.5%), France with 116 thousand cars (down 35.3%), 110 thousand new vehicles were registered in Italy (down 19.2%) and 83.9 thousand in Spain (down 28.9%). The five largest countries accounted for 59.8% of total new vehicles registered in July 2021.
In relative terms, sales in Ireland (+24.8%) and Romania (+19.6%) declined the least compared to a year ago, whereas registration in Belgium and France dropped the most (-38.0% and -35.3% yoy), in July 2021, according to ACEA.
Volkswagen Group sold the most cars in July 2021 in Europe, some 270 thousand vehicles representing 27.6% of the European market. Sales of PSA Group amounted to 129 thousand vehicles (or 13.1% of the market) while Hyundai Group and Renault Group held 9.80% and 8.30% of the European market in July. Overall, the five largest manufacturers sold 66.1% of all new cars in July.