With UK new passenger car registrations figures being published on Monday, we looked at how new car markets around the world performed in June.
French car sales rose for the first time this year in a sign government incentives toward auto purchases are helping the sector recover.
Passenger car registrations increased by 1.2% to 233,818 in June compared with the same month last year, according to figures published Wednesday by industry group CCFA. It was the first gain since December, before the outbreak forced shutdowns of factories and dealerships across Europe.
Germany saw new car registrations drop by 40% in June, Tagesspiegel newspaper reported, quoting industry association VDIK, putting Europe’s largest market on track for reaching a 30-year low.
In an article in Friday’s paper, Tagesspiegel quoted the head of the International Carmakers’ Association as saying that 220,000 new cars were registered in June.
New car registrations in Italy fell for the sixth consecutive month in June, declining 23.13% from the previous year, the transport ministry said on Wednesday.
Fiat Chrysler (FCA) sales fell 25% year-on-year in June, leaving it with a market share of 21.87% compared with 22.26% in May, according to Reuters calculations based on the ministry data.
New car sales in SPAIN decline 36.7%
New car registrations in Spain decline by 36.7% with a total of 82.651 units registered. Despite the decline, this is an improvement from March, April and May when sales decreased by -69.3%, -96.5% and -72.7% respectively. (Source : Noticias Coches)
Major automakers reported a more than 30% drop in US sales in the second quarter, the biggest plunge in sales since the Great Recession and the auto bankruptcies of 2009.
Several of the top automakers reported quarterly sales Wednesday, and the weeks of pandemic-forced dealership closures hit them hard.
General Motors, the largest US automaker, saw a 34% sales drop. Last week GM announced it will cut 700 jobs at a Tennessee plant later this summer because of the drop in demand for the SUVs built there. Still, GM (GM) said sales fell most sharply in April and showed signs of recovery in May and June.
General Motors’ vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market.
China’s overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% in May, said the China Association of Automobile Manufacturers (CAAM), adding that it expected auto sales to grow 11% in June.
Japanese new auto sales dropped by nearly a quarter in June from a year earlier as consumers continued to hit the brakes on car purchases in the wake of the coronavirus outbreak.
Total vehicle sales fell 23% in June from the same month a year earlier to 347,371 units, according to data from the Japan Automobile Dealers Association and an association for dealers of Japan’s “kei” mini cars.