Coronavirus impact: New car sales in Europe fall 78.3% in April

Sales of European passenger cars fell in April. Controls have been placed on the coronavirus pandemic throughout the continent. The sales record fell.

New car registrations in the EU, UK, and European Free Trade Association (EFTA) countries fell 78.3 percent to 292,182 vehicles. European Auto Industry Association (ACEA) statistics show.

Sales in all EU markets recorded double digits. Italy, the United Kingdom, and Spain were most affected by the pandemic – 97.6%, 97,3%, and 96,5% decline, respectively.

Enrollment in Germany declined by 61.1 percent and in France by 88.8 percent. Volkswagen Group sales fell 75% in April Reno and PSA Group declined 79.5% and 82.4%, respectively.

The luxury carmaker also reported a decline in April. BMW fell 69.7 percent and Daimler fell 80.1 percent. Leading European carmakers began reopening plants in May and reopening partial production, but automakers such as Volkswagen, which were in low demand, had to discontinue production of some models.

 

Source- https://www.businesstoday.in/sectors/auto/coronavirus-impact-new-car-sales-in-europe-fall-783-in-april/story/404300.html