Car sales in the European Union fell 2 times in May

Car sales in the European Union fell 2 times in May

June 17, 2020 0 By autotimesnews

Last month, a total of about 581 thousand new cars were purchased on the European market, which is 52.3% less than in May 2019.

Recall that in April, which was the main blow of the coronavirus pandemic and related restrictive measures, new car sales in the EU countries fell by 76.3% or almost 4.2 times. In May, this decline slowed amid some easing of restrictions. Nevertheless, a two-fold decrease was recorded in all EU countries.

Most sales of passenger cars fell in Spain – immediately by 72.7%, or 3.7 times. In other countries, sales decreased by about 2 times: in France by 50.3%, in Italy by 49.6% and in Germany by 49.5%. For the period from January to May 2020, the fall exceeded the 41% mark.

If we consider the car market by brands, then the largest drop in demand was recorded for Nissan cars – immediately by 58.9%. Honda is also not far behind (-58.7%). PSA Group (-56.4%) and Mitsubishi (-41.9%) also showed large negative dynamics. Sales of cars of the German Volkswagen group decreased by 52.4%, to 145.2 thousand cars. Volkswagen’s main competitor in the European market, the French PSA Group, reduced sales by 56.4% to 91.1 thousand cars. Another French automaker – the Renault group – recorded a 52.5% decline in sales to 69.2 thousand cars.