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Tag Archives: COVID-19 Depression
March Global Light Vehicle Sales Plunge. Prelude to Rest of the 2020 Year or the Trend for Years After?
Almost all major vehicles markets suffered steep year-over-year declines in March. The beginning of a downward spiral of unknown duration, according to consultancy LMC with 2020 dropping to 71 million units compared to, gulp, 90 million in 2019 Continue reading
EU Passenger Car Sales: -25.6% Q1 2020; -55.1% in March
With containment / lock-down measures taking hold in most markets from around the middle of the month, the vast majority of European dealerships were closed during the second half of March. Consequently, demand across the region fell by more than half last month, dropping from 1,264,569 units registered in March 2019 to 567,308 units. Continue reading
Posted in results, sales
Tagged auto industry commentary, autoinformed.com, COVID-19 Depression, Kenneth Zino, Q1 2020 EU Sales
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COVID Effects: BMW AG FY Earnings Guidance – Zero
The updated guidance does not, in particular, include, a longer and deeper recession in major markets, a more severe economic slow-down in China as a result of recessions in other parts of the world, significant market distortions due to an even stronger competitive environment and possible implications caused by a second wave of infections and associated containment measures. Continue reading →