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European new car sales see another drop in May

Jun 18, 2020

London (United Kingdom), June 18: New car sales in the European market suffered another huge drop in May as a result of the coronavirus pandemic.
Industry data show that new car sales in the European Union, Britain and other countries in the region tumbled 56.8 percent in May from the same month last year, to 623,812 units. But that was a slight improvement on the 78.3 percent plunge in April.
By manufacturer, Volkswagen, which holds the largest share in the market, saw a decline of 56.7 percent. Peugeot and Citroen had a drop of 59.7 percent. Renault sustained a 53.7 percent fall.
Japanese makers also experienced large sales declines: Honda 69.9 percent, Nissan 66.4 percent, Mazda 60.4 percent, Toyota 54.5 percent and Mitsubishi 48.1 percent.
Economic activity is restarting in Europe. But the pace of recovery in new car sales is slow as there is concern about a second wave of infections.
Source: NHK World