VFACTS 2020: Market recovers after horror year
VFACTS 2020: Market recovers after horror year
January 06, 2021
Worst result since 2003 reflects COVID strain, but car sales are bouncing back
Sales of new vehicles in Australia last year were the lowest in almost two decades, falling 13.7 per cent to 916,968 units as the coronavirus pandemic wreaked havoc on the market.
COVID-19 struck as the industry was continuing to grapple with an unbroken two-year run of negative monthly results blamed on a variety of environmental, economic and regulatory factors, from bushfires and drought to slow wages growth, poor exchange rates and tougher financial lending practices.
But last year’s result, which saw annual new vehicle sales fall below one million for the first time since 2009, when Australia was in the midst of the global financial crisis, could have been much worse and industry representatives now see a positive road ahead.
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STUTTGART, Germany, Dec. 14, 2020 /PRNewswire/
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Mercedes-Benz Sindelfingen plant (Germany): Launch of electric luxury sedan EQS in Factory 56 in first half of 2021
Mercedes-Benz Rastatt plant (Germany): Production of first all-electric compact SUV EQA started - also at Beijing plant (China) in 2021
Mercedes-Benz plant in Kecskemét (Hungary): Decision to locate second all-electric compact SUV EQB. Production launch in 2021 - also at Beijing plant (China)
Mercedes-Benz Bremen plant: Production launch of electric EQE business sedan in 2021 - at Beijing plant soon thereafter (China)
Mercedes-Benz Tuscaloosa plant (USA): SUV variants EQS und EQE begin in 2022
Mercedes-Benz battery production network: Production start of battery systems for EQS and EQE in Untertürkheim/Hedelfingen (Germany) imminent. Production of compact SUV battery systems in Kamenz (Germany), Jawor (Poland) and Beijing (China) plants. Tuscaloosa battery plant will produce batteries for SUV varian