The EU’s passenger car market recorded a dramatic annual drop in new vehicle registrations in April due to the coronavirus outbreak, an industry group said on Tuesday.
Automobile registrations across the 27-member bloc decreased by 78.3% year-on-year to 292,182 units last month, according to a Automotive Distributors’ Association (ODD) report based on European Automobile Manufacturers’ Association (ACEA) data.
This figure was 1.3 million units in the same month last year.
The report underlined that the fall in demand stemmed from closure of majority of European dealerships with containment and lockdown measures taking hold in most markets.
The demand collapsed in all EU markets while Italy took the biggest hit, with registrations falling by 97.6% to 4,279 new cars.
The UK and Spain posted drops of 97.3% and 96.5% respectively in the same period.
Last month, Germany recorded a less extreme decrease than the other key markets, with registrations falling by %61.1.
Meanwhile, the car market narrowed by 39.1% in the January-April compared to the same period of 2019, totaling 3.3 million units.
The figure was 5.5 million during the same period last year.
By the end of April 2020, Turkey has ranked eighth in the EU car sales with a 30.3% increase to 121,455 during the same period.
The EU is the main automotive export market for Turkey, where top international automakers — Ford, Honda, Hyundai, Mercedes, Renault, and Toyota, among others — are operating.