{"id":19301,"date":"2021-01-19T08:41:46","date_gmt":"2021-01-19T12:41:46","guid":{"rendered":"http:\/\/irishexaminerusa.com\/wp\/?p=19301"},"modified":"2021-01-20T11:43:29","modified_gmt":"2021-01-20T15:43:29","slug":"european-car-sales-fall-by-over-23-in-2020","status":"publish","type":"post","link":"https:\/\/irishexaminerusa.com\/wp\/?p=19301","title":{"rendered":"European Car Sales Fall By Over 23% In 2020"},"content":{"rendered":"

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Cars stand at the factory area during a press tour at the plant of the German manufacturer Volkswagen AG ,VW, in Zwickau, Germany (AP\/Press Association Images)<\/figcaption><\/figure>European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry.<\/p>\n

New car registrations sank by 23.7%, or three million vehicles, to 9.9 million units, according to new figures released by the European Automobile Manufacturers Association.<\/p>\n

It said lockdowns and other restrictions \u201chad an unprecedented impact on car sales across Europe\u201d.<\/p>\n

All major markets recorded double-digit declines, down 32.3% in Spain, 28% in Italy and 25% in France.<\/p>\n

Germany suffered a more contained 19% drop.<\/p>\n

December sales were just 3.3% lower than the previous year, but performance varied drastically between markets.<\/p>\n

Italy and Spain both had double-digit dips, Germany gained 10% while Spain was flat.<\/p>\n

Germany\u2019s Volkswagen shed 3% in market share, while gains were posted by PSA Peugeot and Fiat Chrysler, which on Monday officially launched as a new merged entity, as well as Toyota. – Associated Press<\/strong><\/p>\n

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