- The global automotive market for passenger cars declined 40.8% in March 2020, compared with March 2019, and 28.3% in the quarter. For its part, the global automotive market for commercial vehicles declined by 35.1% in March 2020, compared to March 2019, and by 16.6% in the quarter.
- Overall, the global automotive market for passenger cars and utility vehicles declined 39.2% in March 2020, compared with March 2019, and 25.0% in the quarter.
- This collapse is the largest observed since the end of the Second World War.
- The decline in the markets was general, since all the countries saw the volume of their registrations fall sharply, except Turkey (+ 44.8%) which had collapsed in recent years and which effected a partial catch-up.
- Over the quarter, China declined 45.4%, Europe 26.3%, the United States 11.1% and Japan 10.0%. These four main markets saw their market collapse at different times, since the coronavirus crisis started in China, then moved to Europe, then to the United States, and finally to Japan, reached in latest.
- Over the same period, we note Russia at -2.8%, Korea at -8.3%, Brazil at -9.2%, Mexico at -10.6%, Australia at -12.0 %, South Africa at -12.9%, Canada at -19.1%, India at -22.1% and Argentina at -38.3%.
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