EU car sales down by 55.1% in record virus-related slump

Sales of new cars in the European Union fell in March by 55.1 per cent year-on-year, a trade group says, blaming the record drop on the novel coronavirus epidemic.

Just around 567,000 new cars were registered, less than half compared to March 2019, the European Automobile Manufacturers Association (ACEA) says in its monthly bulletin. ACEA calls it a “dramatic drop … as a result of the COVID-19 outbreak,” and notes that car dealerships in most of Europe have been closed due to virus “containment/lockdown measures.”

It is the biggest year-on-year monthly percentage fall on record, a spokeswoman for ACEA adds. In absolute terms, it is the worst March sales figure since 1990, according to data on ACEA’s website.

 

 

 

– Vanguardngr

About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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