Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

New car sales in the EU fell by 24pc in January on an annual basis to 726,491 units due to the impact of COVID-19 related shutdowns across the member nations. 


The European Automobile Manufacturers Association (ACEA) noted that almost all the member countries saw double-digit declines, with Spain affected the worst last month at 51pc lower car sales. However, sales in Sweden rose by 22.5pc to 20,573 units.


The Volkswagen Group posted a 26.8pc drop in January sales to 186,889 units, compared to last year. Meanwhile, the newly formed Stellantis also saw a 26pc fall in sales to 164,575 units in January. 

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