European new car registrations hit a record low for January with a sharp fall in sales mainly due to the Covid-19 pandemic-related restrictions across the region.
New car registrations slumped 24.0 percent year-on-year following a 3.3 percent fall in December, figures from the European Automobile Manufacturers Association/ACEA showed Wednesday.
The number of units sold was 726,491, a record low for the month.
The latest decline was the worst since a 52.3 percent fall in May, at the peak of the [coronavirus][1] pandemic.
Many [markets][2] also had one [business][3] day less than in January 2020 and this negative calendar effect clearly also had an impact on registrations, the Brussels-based industry group said.
Almost all 27 EU markets suffered double-digit losses in January.
Among the big four, Spain logged the worst fall of 51.5 percent, followed by Germany with a 31.1 percent decline. Sales in Italy dropped 14.0 percent.
France and Sweden were the only EU countries that did not post double- digit drops in January.
France registered a modest decline of 5.8 percent. In Sweden, registrations grew 22.5 percent in January.
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