News ID : 4111
Publish Date : 14 August 2020 - 09:40
The impact of Corona on the global economy is not hidden from anyone, but it has had a detrimental effect on the car industry due to declining demand, with European car sales down 39.5% in the first half of the year, mainly due to quarantine restrictions. It included not leaving the house.
Khodrocar - The EU Automobile Manufacturers Association predicts a decline in car sales in Europe, while Asian countries, including Turkey, are experiencing amazing days in terms of sales growth.

Earlier last month, the European Automobile Manufacturers Association announced that passenger car registrations and sales in European countries would fall by 25 percent by 2020 due to severe economic crises caused by the widespread outbreak of the Corona virus and the pandemic.

However, despite the reopening of production lines and the start of car and parts factories in Europe and other parts of the world, production has returned to normal before the corona and is not expected to happen until the end of 2020.

Accordingly, in order to reduce the demand for car purchase, car sales in the British market in April 2020, due to the widespread outbreak of the coronavirus, decreased by 97% to its lowest level since 1946, the end of World War II.

According to statistics, about 4,000 vehicles were registered and sold in the UK last month, a decrease of about 97% compared to the same period last year.

Meanwhile, statistics show that in the second quarter of 2020, the UK second-hand car market fell by half due to quarantine restrictions against the corona, which put severe pressure on the car market.

According to statistics, the worst decline in second-hand car transactions was down 74.2 percent in April, so in the first six months of this year, second-hand car transactions fell 28.7 percent over the same period last year.

Earlier, the chairman of the German Automobile Importers' Association said that the reopening of exhibitions and dealerships "had almost no positive effect on demand and conditions in the passenger car market remained very bad." Also, according to the Automobile Dealers Association, the proposed package did not help sell the new models that are sleeping in dealerships.

The decline in demand for cars in Europe, unlike Asia, has had a significant impact on the economies of these countries and is expected to continue until the first half of next year.

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