Automobile industry

European auto sales record biggest drop in 2020 From European Association of automobile manufacturers

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The following is the European auto sales record biggest drop in 2020 From European Association of automobile manufacturers recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

As the relatively strong demand in the second half of the year can not make up for the plummeting caused by the initial outbreak of the new coronavirus, European car sales hit the biggest decline on record last year. The European Association of automobile manufacturers said on Tuesday that new car registrations fell 24 percent, the biggest annual decline since records began in 1990. Last year’s strong closing of Volkswagen and PSA group limited the industry’s decline to 3.7% in December.

With subsidies and dealers embracing online ordering tools, automakers are better adapted to the government’s anti epidemic measures. But it turns out that it’s not easy to rebound after sales plummeted in March, April and may. The industry has only achieved growth in one month of the year. In contrast, China’s auto market grew throughout the second half of the year.

Electric vehicles are a rare bright spot. New energy finance estimates that the sales volume of plug-in hybrid and pure battery vehicles in Europe has surpassed that of China for the first time. It is estimated that the sales volume will reach 1.9 million vehicles in 2021, accounting for about 40% of the global market.

Read more: European Association of automobile manufacturers: in August 2019, the sales volume of 1.04 million European cars decreased by 8.4%. European Association of automobile manufacturers: in January 2020, the number of new car registrations in the European passenger car market decreased by 7.4% compared with the same period last year. European Association of automobile manufacturers: in June 2020, the total number of new passenger car registrations in the European Union was 949, 722 vehicles decreased by 22.3% on a year-on-year basis; European Association of automobile manufacturers: EU automobile sales decreased by 32% from January to August 2020; European Association of automobile manufacturers: 1.29 million new vehicles registered in Europe in September 2019, increased by 14.4% on a year-on-year basis; China Association of automobile dealers: Monthly Report of China’s imported automobile market in April 2020; China Association of automobile dealers: 57 new authorized 4S stores for luxury brands in the first quarter of 2020 41 online 4S stores: China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market reached 1.045 million, a year-on-year decrease of 40.4% in January 2020 Beijing automobile market analysis Ministry of Commerce: from January to may 2020, China’s automobile export reached 373 thousand, the profit situation of global automobile enterprises in the first half of 2020 BBA’s single car profit is negative China Automobile Circulation Association: Research on China’s automobile preservation rate in the first half of 2020 brand Finance: list of the top ten automobile brands in 2020 Forbes China: list of China’s automobile rich in 2020 Ningde times Zeng Yuqun becomes the richest man BASF: car color becomes more colorful in 2020

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