Brussels – Passenger car registrations in the European Union rose by 53.4% year-on-year during the month of May, to reach 891,665 units.
The figure, however, remains far below 1.2 million registered in May 2019, the latest figures published by the European Automobile Manufacturers’ Association (ACEA) show.
Markets saw strong volume gains during the month of May, with Spain posting the biggest increase at 177.8%, said ACEA 17 June.
The other three key car markets also posted growth with France up 46.4%, Italy up 43.0% and Germany up 37.2%.
Over the five months to the end of May, demand for new cars increased by 29.5% to reach 4.3 million units registered in total.
The steep declines in the first two months of 2021 were counterbalanced by rises in March, April and May, ACEA noted.
All four major markets posted double-digit percentage increases led by Italy at 62.8%.
France, Spain and Germany posted rises of 50.1%, 40.0% and 12.8% respectively.