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European automobile market contracted by 18.1 percent

In August 2021, the European automotive market decreased by 15.9 percent, the automobile market by 18.1 percent, and the light commercial vehicle market by 5.7 percent compared to the same month of the previous year.

European automobile market contracted by 18.1 percent

According to the Automotive Distributors Association (ODD) data, the automotive market decreased by 15.9 percent in August 2021 and amounted to 873 thousand 831 units. A total of 1 million 39 thousand 271 units were sold in the same month of 2020. The automobile market decreased by 18.1% in August 2021 and totaled 724 thousand 710 units. In August 2020, the European automobile market was 884 thousand 525 units. The light commercial vehicle market decreased by 5.7 percent in August 2021 and reached 125 thousand 19 units. In August 2020, 132 thousand 537 units were sold.

In the January-August period of 2021, the automotive market increased by 14.8%, the automobile market by 12.7% and the light commercial vehicle market by 27.4% compared to the same period of the previous year. 9 million 799 thousand 899 units were sold in the automotive market. The automobile market increased by 12.7 percent in the January-August period compared to the same period of 2020. In this period, a total of 8 million 188 thousand 886 units were sold. The light commercial vehicle market increased by 27.4% in 2021 and reached 1 million 358 thousand 313 units. In 2020, 1 million 66 thousand 523 units were sold.

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