Euler Hermes: Automotive production in Europe to drop 30%

(ČIA) In the absence of measures to encourage interest in new cars, the European car market can be expected to decline by 30% in 2020. Euler Hermes estimates that this decline would be the worst performance of the sector since statistics in 1999. The priority needed to boost demand is to open showrooms and stores across Europe and end mobility restrictions. The resumption of production in this respect will help to awaken the market by introducing new models. However, it will be a gradual renewal that will not fully revive demand.



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