European car production is well below levels before the pandemic, but with comatose demand even this reduced output is creating an oversupply
BERLIN—After reopening factories and sorting out supply chains, Europe’s car makers are facing a new problem related to the coronavirus pandemic: a glut of unsold cars.
New-car sales in the European Union, in its affiliate free-trade association partners and in the U.K. fell 57% in May from a year earlier to 623,812 vehicles, according to data published Wednesday by the European Automobile Manufacturers’ Association.
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