Towards a gradual return to normal?

In a recent analysis, Inovev predicted a 15% to 45% decline in the European market in 2020, given the coronavirus crisis that caused the temporary closure of factories and car dealerships, and given a demand that will not may not immediately return to pre-crisis levels. The post-crisis may indeed be handicapped by the drop in purchasing power of potential customers, resulting from technical or partial unemployment, the prolonged closure of certain businesses, the cessation of activity in certain sectors, the decline in revenues of certain companies and the lack of confidence in the future, the purchase of an automobile is not considered a priority purchase or a necessity.


On the other hand, we can put forward the possibility of partially catching up on purchases of banned cars for one or two months of the year, or even of a desire to flee public transport to focus on individual transport. small and why not electric, like the Citroën AMI, by betting on a long-term rental purchase.


Under these conditions, it is very difficult to predict what will be the post-crisis, because contradictory elements will collide and we are not sure that the coronavirus crisis will not come back in the second half of 2020 or not.


Already, some manufacturers have announced the next reopening of their factories in Europe.


Globally, Inovev expects a 25% drop in sales and production over the whole year, representing a volume of 56 million passenger cars, compared to 75 million in 2019, 79 million in 2018 and 81 million in 2017.

 


20-9-7
    
 

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