The EU’s passenger car market recorded a dramatic annual drop in registrations of new vehicles in March due to coronavirus outbreak, an industry group reported Friday.
Automobile registrations across the 27-member bloc decreased by 55% year-on-year to 567,308 units last month, the European Automobile Manufacturers’ Association (ACEA) said.
The report underlined that the fall in demand stemmed from closure of majority of European dealerships with containment and lockdown measures taking hold in most markets.
The demand collapsed in all EU markets while Italy took the biggest hit, with registrations falling by 85.4% to 28,326 new cars.
France and Spain