Business Corona crisis: Hardly anyone buys new cars

Corona crisis: Hardly anyone buys new cars

The EU car market collapsed by 76 percent in April – the sharpest monthly decline since records began, according to the manufacturers’ association ACEA. There were almost no new registrations in Spain and Italy.

In the corona crisis, the car market in the European Union almost came to a standstill. In April, only around 271,000 new cars hit the streets, 76 percent less than a year ago. This was announced by the European manufacturer association ACEA in Brussels.

The reasons were the almost complete standstill of car production and trading in the course of combating the pandemic. This is the sharpest monthly decline since his records began, the association said. All brands in the ACEA statistics posted high double-digit sales declines.

Slump most severe in Italy and Spain

Sales slumped the most in Italy and Spain with around 97 percent. Both countries are particularly hard hit by the pandemic. In France, new registrations fell by 88.8 percent and in Germany by 61 percent. In the UK, which is no longer part of the EU, car sales also fell by 97 percent.

Since the beginning of the year, demand for cars in the EU has dropped by almost 40 percent to 2.75 million vehicles. In March, new registrations were more than halved because hardly any cars were sold in the crisis.

NDR Info reported on this topic on May 19, 2020 at 3:15 p.m.



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