The global market (PC + LUV) fell by 26.2% in the first half of 2020
- The global automotive market (Passenger Cars + Light Utility Vehicles) fell by 26.2% in the first half of 2020, due to the coronavirus crisis. The monthly results were however very different depending on the various periods of lock down in China, Europe and the United States, the three major world markets.
- January 2020 recorded a 10.0% drop in sales compared to January 2019, when the Covid-19 crisis had not yet reached Europe or the United States. After several years of increase, the European market and the US market had already entered a new phase of decline, and the Covid-19 crisis had only amplify the trend.
- February 2020 (-21.8%) saw the collapse of the Chinese market due to the lock down, while Europe had just been affected by the health crisis before doing the same on March 15.
- March 2020 (-39.1%) saw the collapse of the European and US markets, due to the lock down in these regions. On the other hand, the Chinese market restarted its economic and social activities and saw a rapid recovery in V shape.
- April 2020 (-41.4%) saw the European and US markets fall to their lowest, while the Chinese market was already back to April 2019 level, before continuing to grow over the following two months.
- May 2020 (-29.4%) finally saw a rise in the European and US markets, while the month of June (-12.9%) draws a rise in V shape (temporary?) of the European market but not yet of the US market which seems to be slower.
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