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Data from the European Automobile Manufacturers Association show that the economic impact on the car industry has been significant. In the European Union, new passenger car registrations began to decline at the start of the year, and in March they fell by over 50 per cent year-on-year.
Source: ACEA
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On the other end of the spectrum, in Finland, the number of new passenger cars registered has not yet seen any notable decline. According to Statistics Finland, there was a decline of 0.9 per cent in the number of new passenger cars registered in March. During the period January-March 2020, registrations fell by about 3 per cent compared to the same period in 2019.
Source: National Statistical Offices or other national agencies and UNECE calculations
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