Europe 2020 auto sales to plunge record 25pc, says industry group | Malay Mail

📆 2020-06-23 7:20 AM
📰 malaymail

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PARIS, June 23 — Auto sales in Europe this year will tumble a record 25 per cent due to the coronavirus pandemic which has left manufacturers facing a “major economic crisis”, a top industry group said today. The European Automobile Manufacturers’ Association(ACEA) also urged the European...

So far this year, the auto market has shrank 41.5 per cent due to the impact of coronavirus lockdowns but ACEA said the situation should improve somewhat as restrictions are eased. — deepblue4you/Istock.com pic

The European Automobile Manufacturers’ Association also urged the European Union and member state governments to help the industry recover and safeguard jobs. So far this year, the auto market has shrank 41.5 per cent due to the impact of coronavirus lockdowns but ACEA said the situation should improve somewhat as restrictions are eased.

“ACEA maintains hope that this dramatic scenario can be mitigated through fast and strong measures by the EU and national governments,” group head Eric-Mark Huitema said in the statement.

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