European Car Sales Drop Most on Record With Showrooms Closed
- New car registrations fell by 52% for the EU, EFTA and U.K.
- Car dealerships, production lines were shuttered weeks ago
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European car sales dropped the most on record in March as showrooms closed to help limit the coronavirus outbreak and production shut down across the continent.
Passenger vehicle registrations fell 52% year-on-year, the European Automobile Manufacturers Association said in a statement Friday. The total of 853,077 cars marks the lowest since at least 1990, when the industry body first started to compile data, and follow similar slumps in China and the U.S.