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Car market recovering, but below pre-Covid levels

According to Acea data, in the first half of 2021 registrations increased by 27% compared to a year earlier, but remain 25% below the levels of 2019. The numbers of Stellantis and Renault, which publishes the accounts, are growing

Car market recovering, but below pre-Covid levels

It continues but not at full capacity recovery of the automotive market European Union, which again in the month of June saw the registration of 1.282.503 cars in the EU, EFTA and United Kingdom areas, i.e. 13,3% more than in the same month of 2020. In the first half of the year the total rises to 6.486.351 registrations, up 27,1% on the same period last year, certainly conditioned by Covid. But data from Acea, the association of European car manufacturers, reveal that four-wheelers are still far from returning to pre-Covid levels: a quarter of turnover is still missing.

Quite good, specifically, Stellantis performance, which in the aforementioned market area registered 258.657 cars in June, 11,5% more than in the same month of 2020, with the market share however dropping slightly, going from 20,5% to 20,2% . On the other hand, the market share rose in the six-month period, during which the Italian-French group sold 1.378.773 cars, up by 32,1%: share to 21,3% compared to 20,5% in the same period of the Last year. However, it should be noted that Italy is one of the countries where the car market rebounds fastest, at least in percentage terms compared to 2020: +51%, against +34% in Spain and +29% in France. Even in negative Belgium, where sales are still down by 16%.

In the meantime, the French company published its half-year accounts today Renault, initially betrothed to FCA, before the marriage with the other transalpine group, Psa Peugeot, materialized. Worldwide, Renault sold in the first six months of 2021 just more than Stellantis sold in Europe alone: ​​1,4 million cars, i.e. 18,7% more than in the same period of 2020. A performance that would seem positive but which in reality, for the group led by the Italian manager Luca De Meo for a year, is still 24% lower than pre-Covid levels, precisely in line with what the market has done in general. Renault sells for 59% in Europe, where growth was 13%, in line with the auto market, while it fared better in international markets, especially India, Russia and Brazil.

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