Car market is still in crisis mode

Car market is still in crisis mode For many Europeans, buying a car during the Corona pandemic remains unthinkable. Even if the slump was somewhat less than in May - the crisis continues to drive down sales of new cars. But there are also winners. The corona crisis still has a firm grip on Europe's car market in June. However, the decline in sales by almost a quarter was significantly less than the slump in May. At that time, sales fell by more than half. A total of 1.13 million new cars were sold in June, which was 24.1 percent less than in the same month last year, as the manufacturers' association Acea announced. The figures for the EU and the free trade area Efta and Great Britain are reported. In the first half of the year, the number of new registrations fell by 39.5 percent to 5.1 million vehicles. With the exception of France, where sales rose 1.2 percent, all markets saw declines. The largest market in Germany collapsed 32.3 percent last month, in Italy it fell 23.1 percent and in Great Britain sales declined by 34.9 percent.Car market is still in crisis mode; Only Volvo not in the red All manufacturers except Volvo posted another two-digit drop in sales. The market leader Volkswagen declined by 25.9 percent, competitor BMW slumped by 26.3 percent and the decrease at Daimler was 19.2 percent. Only the Swedish car manufacturer Volvo, which belongs to the Chinese Zhejiang Geely Holding Group Co, posted a very slight plus of 0.2 percent in Europe in June. You might also be in interested:

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