Auto-Suisse expects to experience the worst year since the oil crises of the 1970s in 2020.
–
The automotive market in Switzerland and Liechtenstein suffered a severe drop in the first part of the year, due to the coronavirus pandemic. The apex Auto-Suisse expects to record in 2020 the worst year since the oil shocks of the 1970s.
In June alone, new car registrations fell 13.8% year on year to 24,477 units. The deconfinement and reopening of the dealers has borne fruit with an improvement in order intake, the federation said on Wednesday.
Over the first six months, the sector nonetheless recorded an abysmal drop of 34.3% to 103,201 registrations and over the whole of the year Auto-Switzerland expects a decline of 23% to 240,000 units.
The closure of factories around the world has forced some manufacturers to postpone the presentation of new models until next year, while others have lowered or even canceled the delivery of certain models in Switzerland.
Volkswagen is still number one in Switzerland with a market share of 11.2% in the first half, but new registrations of the Wolfsburg brand have fallen by 35% since the start of the year. Following Mercedes with a share of 9.8% and a decline of 20.2%, BMW with 9.3% and a decrease of 20.4%, Skoda (8.1%, -32.7%) and Audi ( 5.6%, -35.3%).
–
