September report shows the growth of car sales


The purchases of passenger cars in Europe has increased by 3.1% for the better of a year earlier. As a result, September was the first month of 2020 in which car sales increased on an annual basis, reports the European industry association ACEA.

The car industry suffered a major blow as a result of the COVID-19 disease. This springtime, fewer cars were delivered and many dealers closed the doors as a precaution, causing the sales figures to plummet. In May, for example, car sales were halved.

Gradually the sector recovered. There was a plus in September, but results showed large differences between countries. In Spain and France, car sales fell by 13.5% and 3% respectively on an annual basis, while in Germany (plus 8.4%) and Italy (plus 9.5%) more cars were registered.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by

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