This is shown by sales data for the first quarter.

The crisis caused by the spread of the coronavirus has led to serious losses in the US car market, according to data on sales of companies in the United States for the first quarter of 2020, writes Der Spiegel.

Sales of the US automotive market leader General Motors (GM) fell 7% in the first quarter of the year compared to the same period last year.

The coronavirus crisis in the United States began in March, with the car company not reporting any specific data specifically for that period. The clear loss for the quarter shows how negative the situation is. This has worried investors, leading to a temporary drop in GM stock prices on the US stock market by more than 7%.

In the last three months, Fiat Chrysler has sold 10% fewer cars in the US market. Ford, the second-largest carmaker in the United States, does not want to provide data on its sales yet.

Volkswagen has sold 75,075 vehicles in the United States in the last three months, 13% less than in the previous year. Sales rose 9.4 percent from January to February, before falling 42 percent in March due to the spread of Covid-19. The focus is now on maximizing stability for customers, employees, and retailers, said Duncan Mowasagi, the company's sales manager.

Sports car maker Porsche, a subsidiary of the Volkswagen Group, has already clearly sensed the crisis. With 11,994 cars sold, Porsche saw a 20% drop in sales over the same period last year. In both Europe and the United States, many traders had to close down. Despite the short-term uncertainty, Porsche is considering offering security and assistance to all its employees and customers, said the company's director for North America Klaus Zelmer.

BMW also saw a significant drop in sales - around 35% for its subsidiary MINI, while parent company BMW saw a drop of around 15%.

The devastating effects of the coronavirus pandemic on the automotive industry have become even clearer for manufacturers who publish monthly sales reports - in March Hyundai reported a 43% drop in new car sales in the US compared to 2019. Mazda and Mitsubishi suffered losses of 42 respectively. % and 52%.

Auto Parts And Accessories Sales

Logically, with the drop in sales on automobiles, car parts and accessories have also decreased the number of units sold reported some of the biggest auto parts shops.

If we have to analyze the situation we can not say that the coronavirus stopped the cars from braking down but it looks like more people are staying home and not using their cars or they are just postponing emerging repairs to better times.

The parts that are not much influenced by the corona crisis are car batteries, all season tires and rims, motor oil, and other lubricants.

Basically all the parts and accessories lile wipers and bulbs which change can not be postponed has been positively sold with no significant changes in the demand.