Record-breaking Decrease in New Passenger Vehicle Sale in Europe :: The Market Oracle ::
COVID-19 pandemic exerted a significant influence on the automotive sector. In 2020, a sharp decrease in new vehicle sale in the European Union was recorded. When compared to 2019, the number of such vehicles is 3 million lower. According to ACEA (Association des Constructeurs Européens dAutomobiles), Covid-19 pandemic brought many companies to stop production and reduce employment. The first coronavirus wave had the greatest impact on new vehicle sales in 2020. What is more, the financi...
United Kingdom Association Des Constructeurs Europ European Union Nadeem Walayat Trend Forecasts New Passenger Vehicle Sale
Source: marketoracle.co.uk