Europe’s leading markets all registered massive drops in earnings each month, since enforced lockdown steps were put in place so as to include the spread of this coronavirus.
New car registrations dropped to only 853,077 vehicles in the European Union, Britain and the European Free Trade Association (EFTA) states, in accordance with industry association ACEA.
Some markets ended up becoming more influenced than others while amounts went down through the board.
Take Italy for example, which has been hit especially hard by the pandemic. Its earnings were down 85 per cent for the month of March, a figure which stood in 38% in Germany, 44% in the UK, 72% in France and 69 percent in Spain.
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As for carmakers, March has been quite cruel to the likes of Fiat Group, Renault and PSA. Registrations for the former dropped 74 percent, although the latter two saw drops of 64 percent and 67% respectively, reports Autonews Europe.
Meanwhile, earnings for its VW Group fell by 44%, although the BMW Group registered a 40 percent reduction – pretty much equal to Daimler’s 41 percent drop.
The main reason for this decline is that the majority of car dealerships have been shut across the whole continent, throughout the second half of the past month. However, the German government announced that its showrooms will resume business activities starting this Monday, with Chancellor Angela Merkel relaxing COVID-19 lockdown steps in Europe’s biggest marketplace.
The very first German car maker to formally announce that the reopening of its showrooms starting next week has been Opel.
Article Source and Credit carscoops.com https://www.carscoops.com/2020/04/car-sales-across-all-of-europe-down-52-percent-in-march/ Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
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