Automobile market falls 25.7% in the first quarter

Automobile market falls 25.7% in the first quarter


Compared to 2019, the drop is 43.5%

Ascertained that the data are from ACAP – Associação Automóvel de Portugal, from January to March 2021, 31,039 light passenger vehicles were registered in Portugal, that is -31.5% than in the same period of 2020.

In cumulative terms, in the first quarter of 2021, 39,310 new vehicles were put into circulation, representing a year-on-year decrease of 25.7% compared to the same period in 2020, so in comparison with the same period in 2019, the market registered a 43.5 percent drop.

In March 2021, 16,099 vehicles were registered by the official brand representatives operating in Portugal, that is, 29.8 percent more than in the same month of the previous year. However, this positive result, and as expected, is misleading, considering the “base effect”, since the market for the same month of 2020 was abnormally low, reflecting the impact of the first wave of the pandemic. Thus, if we compare with the month of March 2019, we conclude that the market effectively drops 43.6 percent.

By categories and types of vehicles, it was observed that in March 2021 12,699 new passenger cars were registered in Portugal, that is, 19.8 percent more than in the same month of the previous year, however when compared to 2019 there was a fall of 49.0 percent.

From January to March 2021, passenger car registrations totaled 31,039 units, which translated into a negative variation of 31.5 percent compared to the same period in 2020, and a decrease of 47.8 percent compared to the same period. of the year 2019.

The light goods segment recorded a positive evolution

Regarding the light goods market, in the third month of 2021, it registered a positive evolution of 87.7 percent in relation to the same month of the previous year, standing at 2,923 registered units, however, and in comparison with the year of 2019 , there was a drop of 8.4 percent.

In cumulative terms, in the first quarter of 2021, the market reached 7,062 units, which represented a slight increase of 6.4 percent compared to the same period of the previous year, but a decrease of 19.1 percent when compared with the same 2019 period.

With regard to the heavy vehicle market, which encompasses the types of passengers and goods, in March 2021 there was an increase of 93.9 percent in relation to the same month of the previous year, with 477 vehicles of this type being sold. category. Compared to 2019, growth was only 3.5 percent.

In cumulative terms, in the first quarter of 2021, 1,209 units were registered, which represented an increase of 18.2 percent in the market compared to the same period in 2020 but a drop of 16.7 compared to the same period in 2019.

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