Passenger Car Market Contracts Sharply In H1: EU
Faizan Hashmi Published July 16, 2020 | 01:20 PM
ISTANBUL, (UrduPoint / Pakistan Point News - 16th Jul, 2020 ) :The EU's passenger car market shrank 38.1% in the first half of 2020 compared to the same period of last year, an industry group said on Thursday.
Automobile registrations across the 27-member bloc stood at 4.28 million in the first six months of this year, down from 6.9 million in the first half of 2019, the European Automobile Manufacturers' Association (ACEA) said in a report.
It highlighted that all 27 member countries saw drops -- between 20% and 55%.
Croatia posted the largest decrease by 54.4%, and Spain (50.9%) and Portugal (49.6%) followed it.
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.
According to the Automotive Distributors' Association (ODD) data, Turkey's automobile market posted a 30.2% increase in car sales to 203,595 units in the first half.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Pakistan
-
Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
8 hours ago -
SC to take up 9 identical petitions regarding judges' letter
9 hours ago -
Woman committed suicide in Pindigheb
9 hours ago -
Teenage girl abducted in Hassanabdal
9 hours ago -
NTDC Super 8 Inter-Departmental Tape Ball Cricket Tournament concludes: GM (HR) team clinches the w ..
9 hours ago -
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
9 hours ago
-
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
9 hours ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
9 hours ago -
HEC reviews curricula for environmental sciences degree programme
10 hours ago -
Heavy rains cause damage to Spezand-Taftan railway track
10 hours ago -
Documentary on life of Jamiluddin Aali screened at embassy
10 hours ago -
"Sindh Theater Festival 2024" commences in Larkana
10 hours ago