In May, the decline in sales of new cars in global markets slowed down

In May, the decline in sales of new cars in global markets slowed down

June 3, 2020 0 By autotimesnews

China is again the locomotive of the global car market, one of the first to deal with the coronavirus epidemic.

Sales of new cars in global markets are starting to recover, albeit not at a very fast pace. This became known on Tuesday, June 2. The situation is no longer as critical as March and April, but it is still a long time before the industry recovers completely. Almost completely normalized car sales in China – in May 2020, only 2.3% less cars were sold than in the same period last year. This is due to the fact that China has already overcome the epidemic of coronavirus, as well as the desire of many to transfer to personal transport after the pandemic.

The fall in the US car market was 25% compared to last year. The situation in France is gradually improving – compared to May 2019, sales decreased by 50%. In Spain, things are slightly worse – the local car market “dipped” by 79%, however, compared with April, there are already improvements when sales decreased by 93%. Some automakers have also begun reporting sales data for their cars.

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So, Hyundai dealers around the world managed to sell 217.5 thousand new cars, which is 39% less than last year. And Hyundai sales in the South Korean home market even grew by 4.5%.