South Korea bucks the trend of plummeting global car sales
Worldwide coronavirus lockdowns in March leave the motor industry, including SA’s, bruised and bloodied
Vehicles sales have tumbled across the globe as lockdowns imposed due to Covid-19 left the international motor industry bruised and bloodied.
In March, new-car registrations dropped by 51.8% to 853,077 vehicles in the EU, Britain and the European Free Trade Association (Efta) countries, according to the European Auto Industry Association (ACEA). Sales fell in all EU markets, with Italy, which has been hit particularly hard by the pandemic, reporting the biggest drop of 85.4%. Sales fell 37.7% in Germany, 72.2% in France and 69.3% in Spain. The declines come as the majority of car dealerships in Europe were closed during the second half of March in a bid to contain the pandemic...