Press release No. N 054 of 9 September 2020
- Car trade records a decline of 18.0% (price, calendar and seasonally adjusted)
- Increase in sales of bicycles, sports and camping equipment in the 1st half of 2020 despite the corona crisis: +6.8% compared with the 2nd half of 2019
WIESBADEN – The turnover generated by motor vehicle trade and motor vehicle repair shops declined significantly during the coronavirus crisis. The Federal Statistical Office (Destatis) reports that, on a price, calendar and seasonally adjusted basis, the turnover decreased by 15.8% in the 1st half of 2020 compared with the 2nd half of 2019. Car trade was affected most heavily, recording a decline of approximately 18.0%. This was also due to the closure of stores during the lockdown. Real (price adjusted) turnover dropped by nearly half (-45.5%) in particular in April 2020, compared with April 2019. The decline in turnover was less pronounced for car repair shops, which stayed open during the whole spring period. In the 1st half of 2020, turnover decreased by 9.1% compared with the 2nd half of 2019.
More results are available on the “Corona statistics“ webpage of the Federal Statistical Office together with other indicators which can be used to assess the economic consequences of the coronavirus pandemic.
