IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19
Green Car Congress
APRIL 18, 2020
Key regional insights on a few major markets follows: For the North American market, IHS Markit forecasts a production decline of more than 30% in Class 4-8, or about 198,000 units from previous forecasts, as the economic slump combines with rapidly ebbing replacement pressure to undermine new orders.
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