Car Sales in Europe Fell 24.1% Year-on-year in June

According to the European Association of Automobile Manufacturers (ACEA), 1.13 million cars were sold in Europe in June 2020, down 24.1% from the same period last year. In the first half of the year, affected by the outbreak of new crown pneumonia, a number of auto companies announced layoffs to reduce capital investment, supply chain local and temporary disruption. It is reported that the European automotive industry has now shed more than 50,000 jobs. Although the multi-regional blockade and containment measures gradually relaxed or even cancelled as the outbreak improved, but overall, the performance of the European car market remained "low", car sales fell 39.5% in the first half of the year.