The global market of passenger cars is down 20.6% over 9 months 2020
- The global automotive market for passenger cars is down 20.6% in the first 9 months of 2020, compared to the first 9 months of 2019, due to the coronavirus crisis. The decrease was -28.3% over the first 3 months and -29.4% over the first 6 months. We have seen an improvement in the world market since last summer, driven by the good performance of the Chinese market and then by the US market, when the European market still lagging behind.
- Monthly figures show a drop of -13.4% in January worldwide, -28.2% in February (fall of the Chinese market), -40.8% in March (fall of both American and European markets), -44.6% in April (fall of both American and European markets), -33.2% in May (slow recovery of the markets) then the market situation improved significantly in June (-15.2%) and especially following months (-2.5% in July, -6.1% in August and +1.4% in September). But while the Chinese and then US markets are returning to pre-crisis levels, the European market is still lagging behind, only returning to pre-crisis levels in September.
- In terms of volumes, the global market lost between 8 and 9 million passenger vehicles over the first 9 months of 2020, if we consider that the global market would have declined slightly this year anyway, even without the coronavirus crisis. . Over the year as a whole, given a fourth quarter which should be comparable in volume to the fourth quarter of 2019, we can expect a drop in the world market of around 15% on an overall volume of 49 to 50 million units, down 8 to 9 million passenger vehicles compared to 2019.
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