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Bucharest
March 1, 2021
BUSINESS

New car registrations halved

In the first five months of the year the registrations of new vehicles have dropped by 57.5 per cent to 51,648 units, while the registrations of used vehicles have climbed by 70.5 per cent to 117,429 units, the data offered by the Office for Vehicle Licensing and Registration (DRPCIV) shows, Mediafax informs. 121,631 new cars and 68,856 used cars were registered in the January – May period of last year. The number of new car registrations has dropped by 53.4 per cent in May compared to the same period last year, from 24,650 units to 11,475 units. In what concerns second-hand vehicles, their number has climbed by 64.1 per cent from 10,753 units to 17,705 units. Dacia had the highest number of registrations – 3,893 units, down by 38 per cent compared to May 2008 when 6,376 vehicles were registered. Dacia is followed by Renault with 955 units (-49.8 per cent), Volkswagen with 955 units (-47.4 per cent) and Opel with 717 units (-50 per cent). On the second-hand segment Volkswagen was the best sold brand in May, with 4,511 units sold (+74 per cent), followed by Opel with 2,264 units sold (+64.8 per cent) and Ford with 2,049 units sold (+84.6 per cent). On the other hand, the second-hand market has dropped by 29.5 per cent compared to April, from 22,936 units down to 17,705 units.


EU car prices drop by 3.1 pc in 2008


European car prices fell by 3.1 per cent last year as car makers trimmed prices to boost sales during the region’s worst recession in 60 years, the European Commission said on Tuesday, informs Agerpres. New car sales tumbled to the lowest level in two decades and were down 27 per cent, as people bought second-hand models over worries that they could lose their jobs during the crisis. The European Commission said prices dropped far faster in Eastern Europe, where incomes are lower and people are more price-conscious – and more likely to buy second-hand.

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