Passenger car registrations in the EU were up 25.2% YoY in H1, while in June alone they were up 10.4% YoY.
European Automobile Manufacturers Association (ACEA) has recently published H1 and June data for new passenger car registrations in the EU. During H1 of 2021, EU demand for new cars grew by 25.2% YoY to reach almost 5.4m units registered in total. However, note that this still represents 1.5m units less than the pre-covid H1 of 2019.
Most of the 27 markets in the region posted similar results, with strong YoY gains. Major EU markets in H1 performed as follows: Italy (+51.4%), Spain (+34.4%), France (+28.9%) and Germany (+14.9%).
Meanwhile June 2021 showed a growth of 10.4% in new passenger car registration in the EU, though with a slower rate than previous months. Biggest gain was realised in Germany with 24.5% increase, followed by Spain and Italy with 17.1% and 12.6% respectively. On the other hand, France saw a contraction of 14.7% in June.
Turning our attention to the Russian market, in H1 2021 the market recorded 870 749 cars sold. Note that this represents an increase of 36.9% YoY and a 5.1% increase to the pre-covid H1 2019, according to the AEB Automobile Manufacturers Committee.