74% decline in new car sales in Europe
A total of 15 car manufacturers sold 3240408 units in the Old Continent
Data collected on Learnbonds.comshow that car sales in Europe fell by about 74% between January and April 2020. Decreases were recorded in 27 European member states as well as in the UK, Iceland and Norway. and Switzerland.
Car sales have been declining since January 2020.
In April, this unit remained at 292, down 180% from 65,75 vehicles sold in March. Total sales have been declining since the beginning of the year. As of November 853, the highest car sales were in December: 080 2019 1 cars were sold, which is 261% more compared to 740 4,2 1 cars in November.
The decline in car sales was mainly due to the coronavirus pandemic, which led to travel restrictions and blockades in major European countries. Learbonds.com data analysis notes that:
“The fall in car sales could affect some of the European economies that are heavily dependent on car production. For example, Germany's strong economic position depends on car exports and dealerships. As countries worked on their reopening plans, the automotive sector was given priority. In Germany, the automotive industry was one of the first to reopen, but strict social distancing and hygiene measures were introduced. “
In terms of new car registrations by manufacturers on an annual basis from January to April 2020, compared to the same period last year, the average is -39,73%. Mazda reported the highest change at -53%, followed by Honda at -50,6%, while the FCA group ranked third in terms of sales with a drop of -48%. Toyota Group showed the weakest result at -24,8%, BMW Group at -29,6%, while Volvo changed by -31%
A total of 15 automakers sold 3240408 vehicles in Europe between January and April this year. Last year, in the first four months, the same manufacturers sold a total of 5,328,964 units, representing a percentage change of -39,19%. The VW Group is still in first place with 884 vehicles sold compared to last year's 761 units. The PSA Group is in second place in terms of sales with 1 new registrations this year, down 330 units from 045.
