European new car sales down 40% in Jan.-June

Jul 17, 2020

Business
European new car sales down 40% in Jan.-June

London (United Kingdom), July 17: New car sales in the European market plunged by nearly 40 percent in the first six months of 2020.
Industry data show new car sales in the European Union, Britain and other countries in the region totaled around 5.1 million units between January and June, down by more than 3.3 million, or 39.5 percent, from the same period last year.
Britain saw a plunge of 48.5 percent, followed by Italy with 46.1 percent, France with 38.6 percent and Germany with 34.5 percent.
Volkswagen, the market leader, reported a decline of 36.1 percent. Japanese carmakers also suffered heavily. Mazda had a drop of 52.6 percent, Honda 51.1 percent, Nissan 41.5 percent, Mitsubishi 33.9 percent and Toyota 27.9 percent.
As economic activities resume, the pace of decline in vehicle sales is apparently slowing. However, the fall of 24.1 percent logged in June indicates that the recovery will be slow.
Source: NHK World