Car sales slump in Europe amid renewed restrictions

MILAN (AP) — After a one-month reprieve, passenger car sales in Europe slumped again in October amid new restrictions in many countries aimed at containing a resurgence of the coronavirus, the European carmakers’ association (ACEA) reported yesterday.

The European industry registered 953,616 new cars last month, a decrease of 7.8 per cent, and a reversal of fortunes after September marked the first increase of the year, ACEA said. Demand dropped by 21 per cent in Spain, 9.5 per cent in France and 3.6 per cent in Germany.

It was flat in Italy, where the effect of government incentives ran out in September “confirming the insufficiency of funds allocated d by the government to help the auto industry”, Italy’s carmaker association ANFIA said separately.

Only Ireland and Romania in the European Union (EU) posted gains, at 5.4 per cent and 17.6 per cent respectively.