PremiumACAP: "Automotive market has reopened but there is no trust and customers are not there"

May gives no indication of recovery in car sales in Portugal, which leads the general secretary of the Automobile Association of Portugal, Hélder Pedro, to request urgent measures for the sector.

Premium"We have no memory of such an abrupt drop in vehicle sales," says president of Montepio Crédito

Sales of light passenger vehicles fell 87% in April, conditioned by the almost inexistence of fleet purchases for rent-a-car companies, which is reflected in the financing granted by Montepio Crédito, explains its president.

All Volvo cars are now limited to 180 km / h

As a way to combat the high accident rate on the roads, Volvo is applying a maximum speed limit of 180 km / h, as well as providing the Volvo Care Key, with limits for drivers with little experience.

France proposes to repatriate production from PSA and Renault

"The French automotive industry has been relocating too much and is expected to back down," said the French Minister of Economy and Finance, in an interview with a local radio.

Car production in Portugal fell 95,7% in April

In the month under analysis, 1.238 units were produced, and for the first time in Portugal no light commercial vehicles were produced.

Exports of automobile components yield 3,5% to 2.500 billion in the first quarter

According to the advanced data, in a statement by AFIA, in the first quarter, the exports of this industry fell 3,5%, compared to the first quarter of 2019, to 2.500 million euros.
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