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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

But you won’t see the dramatic changes you see in Germany and Japan because they have their inspection regimes that drive them towards newer cars. by 2020 and in one case study they were able to save between 70 and 75 lbs (32 to 34 kg) of vehicle mass for a cost penalty of $280-$350 ($4-$5/lb).

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