World’s Auto Industry slowly but surely re-starting after severe hit by COVID 19 Crisis
The International Organization of Motor Vehicle Manufacturers (OICA) released sales/registration figures in the various countries represented in OICA for the first nine months of 2020 – see www.oica.net.
President Fu stressed that “for the first time of this extremely severe crisis year, the September figures exceed those of 2019. The cumulative data since January 2020 show that we are still more than 20% down compared to the same period of 2019, but the September data are encouraging”.
Mr Fu considered that “much more needs to be achieved before we can really talk of a recovery, but I note with satisfaction that several major markets experienced better sales figures, such as France, Germany, India, Italy, Korea, Norway, Russia, USA, ….”
China continued its growth, which started back in April already, after being severely impacted by the crisis very early this year.
Mr Fu concluded that “with the demand for mobility expected to continue to grow, the prospects for the auto industry remain good, in spite of the many challenges ahead, such as increased electrification, connectivity, and automation. In spite of the current crisis, vehicle manufacturers and their vast supplier networks will continue to shape the future of clean and sustainable mobility.”
About OICA:
The world association OICA was founded in 1919 and gathers 37 national trade associations around the world, including all major automobile manufacturing countries in Europe, America, and Asia. OICA is the only non-governmental car and truck manufacturers’ organization accredited to the United Nations and represents the technical interests in international institutions and organizations.
The OICA activities contribute to the worldwide diffusion of technology, experience and know-how, to the benefit of all countries. OICA coordinates the global harmonization of vehicle regulations. The member countries are committed to the improvement of road safety and environmental protection, and they actively contribute to the global harmonization of technical regulations and standards. OICA also collects and publishes international statistics and coordinates the yearly calendar of Motor shows all over the world.
For further information: www.oica.net
Yves van der Straaten, Secretary General, yvanderstraaten@oica.net