European Car Market in May 2020 dropped down 50.8%, significantly improving from the halt in April. Indeed, the market reported a 50.8% decline with 754.386 sales, leading Year to Date figures to 4.71 million. Italy, France and Germany managed to recover, while Sweden, the Netherlands and Finland have worsened.Medium term market directionIn recent years the market was recovering after the fall caused by the 2008-2009 financial crisis. In the last 6 years the sales increased considerably and their sales were near to the pre-crisis level.However, as the Coronavirus started to spread all around the World, the market is sharply declining in recent months. Indeed, in order to slow down the spread of the virus, in March several European countries imposed restrictive measures, which included the shutdown of non-essential businesses and car dealerships.As a result, the European car market dropped down 25.3% in Q1, with 3.11 million units sold.In April, several countries held a strict national lockdown for the entire month, leading car registrations to plummet 75.6%.In May, the market reported a 50.8% decline with 754.386 sales, leading Year to Date figures to 4.71 million. Countries like Italy and France, which have imposed restriction measures earlier than their neighbouring countries, have faced a significant improvement from April’s freeze. Instead, the Netherlands, Finland, Sweden and other countries characterized by more “flexible” anti-covid19 restrictions in the first month of the crisis, have worsened. Tables with sales figuresIn the tables below we report sales by countries.This content is for members only. Visit the site and log in/register to read.
We made a newsletter for all things digital art, crypto art, and NFTs
Wednesday January 13, 2021
Steven and I are fascinated with the growth and innovation happening in the digital art and crypto art space, so we started a newsletter. You can signup here: https://fatcatfund.substack.com/ Here’s the latest issue: https://fatcatfund.substack.com/p/banksy-entering-nft-issue-3 And here are some topics we discuss: -Exciting projects in the space from Niftex (NFTX) to Axie Infinity to Aavegotchi -Great […]
How to Care for and Maintain Your Car’s Windshield
Monday October 05, 2020
Windshields are one of the most important parts of a car, as they serve as a primary safety feature. Windshields protect you from dust, dirt and rocks flying from the road and prevent them from getting in your car. They help the driver see the road clearly by preventing the glare from the sun. In […]
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