Changes in the tax sphere, which a number of EU countries announced in advance, spurred demand in December 2019 — this is exactly what explains the decline recorded in the first month of the new year. Additional pressure on the market was exerted by the deterioration of the global economic situation and the uncertainty associated with Britain's exit from the EU.
As a result, sales of new passenger cars in January decreased in four key European markets: France lost 13.4%, Spain — 7.6%, Germany — 7.3%, and Italy — almost 6%.
The leader in the number of registrations of new passenger cars remained Germany with an indicator of 246,300 units.
The second position was held by Italy — in January, 155,528 cars were registered there.
The top three is closed by France with a result of 134,229 sold new passenger cars.
Among European brands, the first line, as usual, was taken by the VW Group concern: in a month it sold 254,872 cars in the EU markets, which is 0.4% less than a year earlier.
Next comes PSA Group with a volume of 158,719 sold cars — this is 12.9% lower than last January.
The third result was shown by RENAULT Group — 91,912 units, losing 16.3% compared to the same period last year.
