European new car sales down 78.3% in April
European passenger car sales slumped in April as the first full month with restrictions imposed to contain the coronavirus pandemic across the continent dragged sales to a record drop, data showed today.
In April, new car registrations dropped by 78.3% to 292,182 vehicles in the European Union, Britain and the European Free Trade Association countries.
This is according to the latest statistics from the European Auto Industry Association.
Sales recorded a double-digit fall in all EU markets, with Italy, the UK and Spain – hit particularly hard by the pandemic – reporting the biggest drops of 97.6%, 97,3% and 96,5% respectively.
Registrations tumbled by 61.1% in Germany and 88.8% in France.
Volkswagen Group’s sales decreased by 75% in April, while Renault and PSA Group reported a drop of 79.5% and 82.4%, respectively.
Luxury automakers also posted a drop in April, with BMW falling 69.7% and rival Daimler slumping 80.1%.
Major European car makers have started reopening plants and resuming partial production in May but low demand has pushed automakers like Volkswagen to pause production for some models.
Article Source: Click Here
