The long list of markets and industries impacted by the Covid-19 pandemic includes global car markets as well. In the past year, major car markets in the world have had the roughest time ever where their sales dropped drastically. The infographic below reveals the countries where car markets have faced unimaginable loss; the data is collected by the reports of the German Association of the Automotive Industry (VDA). According to it, the EU member states’ newly registered passenger cars declined by 24 percent in the year 2020. Moreover, other fellow states also faced double-digit losses in their car market.
The number of sales fell by 29 percent in the UK, followed closely by Italy, where 28 percent fewer new registrations were recorded. However, the new registrations in Germany’s car market had a loss of 19 percent in 2020 as compared to the previous year. Among all these countries, China is the one with the least percent loss in sales of new cars was recorded, i.e., only 6.1 percent.
China is known as the major sharer of car production worldwide as over a quarter of the cars manufactured in 2019 over the world originated back in China. Some other prominent car manufacturing countries include the USA, Japan, and Germany. Whereas, in Europe, the majority of the cars, nearly 4.7 million, are produced in Germany other car-producing states in the continent are Spain and France.
VDA says that there has been a slight recovery in the car markets, but in Europe, the new registrations were still as low as 4 percent, which are 1.2 million units lesser than the levels in 2019.
Infographic by: Statista.com