Economy & Politics

Auto sector predicts dark year

If the number of registrations in June reached its best score since February, with a drop of “only” 10.6% compared to 2019, Fedamo considers that this revival of activity constitutes a fallacy the eye and is preparing for a drop in turnover of 500 million euros in 2020.

If the number of registrations in June reached its best score since February, with a drop of “only” 10.6% compared to 2019, Fedamo considers that this revival of activity constitutes a fallacy the eye and is preparing for a drop in turnover of 500 million euros in 2020.

(Jmh) – Six weeks after the reopening of the dealerships, customers are still slow to return. Although the figures of the SNCA show, for the month of June, a resumption of the number of registrations, the situation remains far from the level recorded in 2019. If 4,648 new vehicles were registered last month, that is to say a level close to that before the confinement, this figure appears far from the level of June 2019 (-10.6%).

For the Federation of Automobile Distributors and Mobility (Fedamo), this resumption of activity in dealerships is mainly and above all explained by the deliveries of vehicles ordered in particular during the Autofestival, vehicles which had been found in “Bottlenecks” due to the health crisis. New registrations therefore do not rhyme with sales, says Fedamo, which insists that the closure of showrooms between March 16 and May 11 will have resulted in a “complete collapse of sales”, since “few vehicles have been delivered and registered” .

With the months of March, April and May recording a decline of 50.2%, 78.9% and 43.8% of registrations, representatives of the sector are counting on a dark year in terms of turnover. “If the trend remains unchanged, around 18,000 cars will be missing by the end of the year,” said Fedamo on Friday, which claims a shortfall “of more than half a billion euros”. As a direct consequence of this estimate, a direct threat to the 5,000 or so jobs active in the automotive sector in the country. This is why the federation pleads once again for “consistent help and support throughout the year”.

As a reminder, 2019 was a record year with the crossing of the symbolic threshold of 55,000 new registrations. A craze that had mainly benefited the German brands since Volkswagen, Mercedes and BMW had sold the most vehicles. According to a report from the European Environment Agency published in April 2019, Luxembourg consumers prefer heavy and powerful cars, such as SUVs or all-terrain vehicles. Logical consequence, with 127 g / km, vehicles registered in Luxembourg are also at the top of the table in terms of average CO2 emissions.


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