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Bloomberg
Europe’s car industry showed tentative signs of a recovery in May with some French and Spanish buyers braving visits to reopened showrooms.
New car registrations fell 50% in France year-on-year, CCFA, the nation’s automotive-industry group, said on Monday. The drop was an improvement over April’s 89% plunge. Spain also showed a slight comeback.
Renault SA and Peugeot owner PSA Group have said that most of the first customers to return to dealerships were those who had ordered vehicles but were been unable to take delivery due to the lockdown. “I’ve seen stronger rebounds,†Renault Chairman Jean-Dominique Senard said in a French television interview, adding that any reversal of the sales slump has been tepid so far.