MILAN (AP) — European automotive gross sales plunged by almost 1 / 4 final yr because the pandemic provoked the worst disaster ever to hit the capital-intensive business.
New automotive registrations sank by 23.7%, or 3 million automobiles, to 9.9 million items, in response to new figures launched Tuesday by the European Car Producers Affiliation. It stated lockdowns and different restrictions “had an unprecedented influence on automotive gross sales throughout Europe.”
All main markets recorded double-digit declines, down 32.3% in Spain, 28% in Italy and 25% in France. Germany suffered a extra contained 19% drop.
December gross sales had been simply 3.3% decrease than the earlier yr, however efficiency different drastically between markets. Italy and Spain each had double-digit dips, Germany gained 10% whereas Spain was flat.
Germany’s Volkswagen shed 3% in market share, whereas good points had been posted by PSA Peugeot and Fiat Chrysler — which on Monday formally launched as a brand new merged entity — in addition to Toyota.
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