Car Sales in the European Union Experienced a Sharp Decline in March

Car Sales in the European Union Experienced a Sharp Decline in March

Sales in the European Union automobile market dropped 55.1 percent in March compared to March 2019 due to the coronavirus epidemic affecting the world. The European Automobile Manufacturers Association announced the auto registration data for March. Looking at the data, automobile sales in the European Union fell by 55.1 percent in March compared to March 2019, dropping to 567,308. The European Automobile Manufacturers Association stated that the restrictions on coronavirus and the closedness of dealers were effective in the sharp decline in new car registrations. Of the 27 EU member states, the newest cars were opened to traffic in Germany in March. At this time, 215 thousand 119 in Germany, 62 thousand 668 in France, 37 thousand 644 in Spain, 29 thousand 657 in Poland, 29 thousand 496 in the Netherlands, 28 thousand 801 in Belgium, 28 thousand 326 in Italy, and 27,649 new cars were registered in Sweden. According to the manufacturers' statistics, the VW Group sold the newest cars in the European Union in March with 164,653 cars. The PSA Group followed the VW Group in second place in the new vehicles in the European Union. PSA Group sold 68,816 cars in total. Thirdly, Renault Group sold 55 thousand 663 new cars.