IHS Markit: global auto sales to drop 22% this year
Green Car Congress
MAY 1, 2020
Nearly all dealers are back to work and there are signals of an uptick in showroom traffic, but consumer confidence remains fragile. Europe will see mixed recovery cycles, as a result of local restrictions and varied economic support and stimulus. Further, the forecast reflects manufacturers utilizing summer shutdowns to assess inventory and demand, making additional plant adjustments to ensure worker safety and resuming maintenance and retooling efforts where needed.
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