The American market shrinks by 22.5% in the first half of 2020
- The American car market (USA) for passenger cars and light trucks (considered as passenger cars in Europe and China) fell by 22.5% over the first 6 months of 2020, compared to -21.9% over the first 5 months and -20% over the first 4 months, compared to the same period in 2019. The improvement of the American market is therefore still not foreseeable.
- Still positive in February 2020 (+ 10.3%), as it was not yet affected by the coronavirus crisis, this market rolled into the red from March 2020 (-36.9%) and this trend was amplified in April (-46.1%) before returning to a smaller drop in May (-28.7%) and in June (-25.3%).
- Who were the carmakers most affected during this Covid-19 crisis in the United States? Tesla sees its sales almost doubling when the declines of GM (-21.6%), Ford (-23.1%) and Chrysler (-25.9%) are almost equal to the decline in the market as a whole. But we also note the relatively “good performance” of the Korean group Hyundai-Kia (-16.2%) which achieves a much better performance than the Japanese, German and British groups.
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