The Presidents of ACEA, CLEPA, ETRMA and CECRA – the European associations representing vehicle manufacturers, suppliers, tyre manufacturers, dealers and repairers – wrote a letter to the President of the European Commission, Ursula von der Leyen, about the implications of the COVID‐19 crisis on the automotive sector and the measures that the European Commission could potentially take in this respect.
The financial impact of the COVID-19 crisis on the automotive industry is severe. Both production and sales of motor vehicles have come to a sudden halt in most of Europe and other regions in the world.
Brussels, 25 March 2020 – In February 2020, commercial vehicle registrations fell by 6.2% across the European Union. Demand decreased in all vehicle segments, apart from buses and coaches.
The impact of the COVID-19 crisis on the European automobile industry is severe. Both the production and sales of motor vehicles have come to a sudden halt in most of Europe and other regions in the world.
Brussels, 20 March 2020 – The effect of the coronavirus on society and the global economy is unprecedented, with grave consequences for the automobile industry. Indeed, most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are facing cases of corona infections and quarantines among their employees.
Brussels, 18 March 2020 – In February 2020, the EU passenger car market contracted by 7.4% to 957,052 units registered.
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