Help Desk -
9958816305, 9810335381
Email
Password

Corona Crisis Brings Unprecedented Collapse in International Passenger Car Markets in First Half of 2020

Auto News - Published on Mon, 27 Jul 2020

Image Source: VDA Auto Sales Coronavirus COVID19
German Association of the Automotive Industry VDA said that in the first half of 2020, the consequences of the corona pandemic and the measures taken to contain it caused sales to plummet on the international passenger car markets. The simultaneous collapse of most markets due to coronavirus is unprecedented. In the major sales regions of China, the US and Europe (EU-27, EFTA and the UK), the total number of passenger cars sold showed a year-to-date fall of 7.5 million, equating to a 28 percent reduction in sales. Demand in Japan was down by one fifth. Sales in Russia and Brazil also showed huge losses. The Chinese market, by contrast, recovered for the second month in succession.

The corona crisis has hit the European market the hardest. In Europe, 5.1 million passenger cars were newly registered in the first half of 2020, which was 39 percent less than in the same period in 2019. The five largest European sales markets all recorded double-digit falls. The smallest contraction of 35 percent occurred in Germany. Sales in France lost 39 percent. New registrations were down by 46% in Italy, the 49% in United Kingdom and 51% in Spain. In June the European car market once again remained a long way below last year’s result. In all, 1.1 million new vehicles were registered, i.e. 24 percent fewer than in June 2019.
In the US, sales on the light vehicle market comprising of passenger cars and light trucks fell by 23 percent in the first six months of the year, to 6.4 million new vehicles. Sales in the light truck segment, which now accounts for three quarters of the US market, lost 18 percent. The car segment contracted by over 36 percent. In June a total of 1.1 million light vehicles were sold down by 27 percent.

The Chinese new car market finished the first half of 2020 with sales of 7.7 million new vehicles. That was 2.2 million units, or 23 percent, down on the same period last year. On the other hand, last month’s sales rose by 1 percent to reach 1.7 million units, the second consecutive increase.

In the first half-year the passenger car market in Japan remained 20 percent below its 2019 result, totaling 1.8 million units. Sales in June came to 283,900 vehicles, falling by 23 percent.

The Russian light vehicle market recorded sales of 636,000 new vehicles up to the end of June, which represents a fall of more than 23 percent.

In Brazil, sales in the first six months of the current year amounted to 765,200 light vehicles down by 39 percent down on the same period last year. The June figure lost around 43 percent to 122,800 units.

Region/CountryJun'20YoYH1'20YoY
Europe (EU28+EFTA)1,131,800-24,15,101,700-39,5
European Union (EU-28)949,700-22,34,281,500-38,1
Western Europe (EU15+EFTA)1,027,700-24,44,594,500-40,1
New EU Countries (EU13)104,100-21,3507,200-32,9
Russland636,000-23,3
USA1,103,800-26,96,429,000-23,5
Japan283,900-22,61,826,000-20,1
Brazil122,800-42,6765,200-38,9
China1,728,0001,47,717,000-22,5
 

Sources VDA

Source :

Posted By : Yogender Pancholi on Mon, 27 Jul 2020
Related News from Auto segment