European market shrinks by 39% in the first 4 months of 2020

The European automobile market for passenger cars (29 countries) fell 39% in the first quarter of 2020, compared to the same period in 2019. The decline increased in April compared to March, due to the containment of the more people in April than in March, and more factories and concessions closed in April than in March.


The decrease in April reached -78.3% against -51.9% in March and -7.1% in February. With the unlock carried out in mid-May and the gradual reopening of factories and concessions, we can expect a less significant drop in May, of the order of -50% and a small recovery in June, so good that the first half of 2020 should end with a market down by around -33%.


To achieve a decline of -25% over the whole year, it would be necessary to count on a European market of -15% in the second half, which does not seem unattainable.


By manufacturer, there are from the least impacted to the most impacted: Toyota Group (-27.0%), BMW Group (-29.6%), Geely Group (-31.0%), Volkswagen Group (-33.2%) ) Hyundai-Kia Group (-33.9%), Tata Group (-36.0%), Daimler Group (-40.0%), Renault-Nissan Group (-44.7%), PSA Group (-45 , 8%), Ford Group (-47.4%), FCA Group (-47.9%). We note that the manufacturers most impacted are those who sell the most in the European countries most affected by the coronavirus, namely Italy (FCA), Spain (Renault and PSA), France (Renault and PSA) and Great Britain (Ford). But independent Japanese manufacturers are doing even worse: Honda (-50.6%), Suzuki (-51.3%), Mazda (-52.7%) and Subaru (-58.2%).

 

20-11-2
    
 

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