Muqeem Ahmad, UK,
Automakers in UK and EU have seen sharp declines in car sales. Demand for European vehicles has declined historically over past year. According to figures released by European Union, there have been one third declines in new vehicle registrations compared to 2019.
The second strain of corona virus has affected all major economies in 27-nation EU block. December alone notice 3.7% drop in new vehicle registrations in UK and EU as compared to previous year.
Car sales in major economies such as UK, France and Italy fell by 10, 11 and 14 per cent, respectively, while Germany saw an increase of 10 percent.
Sales at Volkswagen and PSA fell to 8.2 percent and 1.8 percent, while sales at Reynolds and other carmakers also declined. BMW was able to sell only 9.5% less vehicles in 2020.