VWAPY - European Union passenger car registrations down 19.1% in August and 23.2% in July

After four months of accelerated growth, European Union car registrations slipped 19.1% Y/Y in August to 622,993 units, followed by 23.2% decline in July to 823,949 units. The market picked up with +87.3% in March, +218.6% in April, +53.4% in May and +10.4% in June, after decline of 19.3% in February and 24% in January. In July France saw the steepest decrease -35.3%, followed by Spain -28.9%, Germany-24.9% and Italy -19.2%. Double digit decline continued in August with Spain -28.9%, Italy -27.3%, Germany -23.0% and France -15.0%. On YTD basis, demand for passenger cars increased by 11.2% to 6.8M units. European Union August registration -15.9% for Volkswagen (OTCPK:VWAGY), -29.7% for Stellantis (NYSE:STLA), -20.7% for Renault (OTC:RNSDF), -2.1% for Hyundai (OTCPK:HYMLF), -17.3% for BMW (OTCPK:BMWYY), -40.1% for Daimler (OTCPK:DMLRY), -35.9% for Ford (NYSE:F), -1.7% for Toyota (NYSE:TM), -42.5% for Honda (NYSE:HMC), -30.3% for Volvo (OTCPK:VOLAF), -40.2% for Nissan (OTCPK:NSANY) and +7% for Mazda (OTCPK:MZDAY).

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European Union passenger car registrations down 19.1% in August and 23.2% in July