With a quick hop over to Europe, we can see how things are in Germany. This time we have a very different picture. In 2020, things looked very similar to the US, except their winter drop was far more severe. By the end of the year, they were way below 13 January 2020 levels.
Heading into 2021, while things have improved, they’re still not looking great. After a steep rise throughout March, levels have pretty much stayed the same. Meanwhile, Covid cases in Germany are increasing quickly, and a possible national lockdown looms.
With this in mind, it’s likely we’ll see driving levels fall again in the coming months.
What this tells us is that the situation can change drastically and rapidly, regardless of country. Increasing driving levels don’t necessarily point to consistent progress – a severe outbreak can quickly roll back any recovery.
While things are looking better for the auto industry, the situation needs to be monitored carefully and optimism held in check. We’re not out of the woods yet.
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