Europe’s car industry has undergone the biggest ever drop sales in 2020, as the COVID-19 pandemic dealt a severe blow to the sector.
Car sales across the European Union slumped by 23.7 per cent in 2020, according to new data released by the European Automobile Manufacturers Association (ACEA).
The worst slump on record, just 9.9 million new vehicles were registered in 2020, down from 13 million in 2019, as lockdown restrictions hampered demand.
The ACEA said that every EU country saw double-digit sales fall in 2020, with Spain posting the sharpest drop at -32.3 per cent, followed closely by Italy at -27.9 per cent. The two nations arguably had among the harshest lockdown measures in place periodically throughout 2020.
The worst slump came in March and April, predictably, when the coronavirus outbreak hit Europe’s economy. But sales have remained weak since.
In December, new registrations fell by 3.3 per cent, the third monthly decline in a row, as the second wave of Covid-19 forced fresh lockdown restrictions.
Ryanair announces Winter 2023 schedule cuts caused by major Boeing delivery delays
The airline was set to receive 27 aircraft between September and December but will now only receive half
World’s most popular search engine, Google, turns 25
In one way or another, Google has become an influential factor in the operations of everyday life
That’s all folks! Netflix officially marks the end of its DVD-mailing era this week
The rental system was meant to last around four to five years, but instead it went on for 25 years