Europe’s Car-Sales Slump Slowly Eases With 24% Drop for June
- Passenger-car registrations plunged 39% in first half of 2020
- Carmakers hope incentives will help recovery gather steam
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Europe’s car industry extended a tentative recovery for a second straight month, leaving manufacturers and dealers hoping state subsidies will help spur a stronger rebound.
New passenger-car registrations fell 24% in June, the European Automobile Manufacturers Association said Thursday. That’s an improvement on May’s 57% slump and April’s 78% drop.