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Europe. Covid-19 drags Q1 down 25.3%. See all markets summary

European Car Market in the first quarter of 2020 was hit by a huge drop, as in March several European countries imposed restrictive measures in order to counter the spread of Covid-19, closing car dealerships and factories. Italy, Spain and France reported the sharpest declines, losing over 30% in Q1.The post Europe. Covid-19 drags Q1 down 25.3%. See all markets summary appeared first on https://focus2move.com.

Nicaragua 2020. Crippled market loses 73.6% sales while underperforming for the whole year
Thursday November 12, 2020

Nicaragua vehicles market in 2020 began the year negatively but plummeted even further in Q2 and has not yet recovered effectively. Indeed, 279 units have been sold in September (-71.4%), leading Year to Date sales at 2.344 units (-73.6%). The leader Toyota still holds 23.8% of the market despite losing in double-digits as well. Economic […]

How is the Global Automotive Industry Adapting to the COVID-19 Pandemic?
Tuesday December 01, 2020

Shutting down brick-and-mortar commerce, at varying degrees around the world, has driven the automotive industry online. To keep up with security standards and market demand, car retailers are utilizing innovative technology and adaptive support to stay afloat.  To simplify the purchasing process for buyers, auto brands are also applying virtual reality techniques, social media marketing, […]

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