loader

Market Sector Insights – The Automotive Market – December 2020

Market Sector Insights – The Automotive Market – December 2020

New cars parked ready for delivery

Introduction

According to a September 2020 revised forecast from S&P Global, global auto sales are expected to decline by about 20% this year and two years from now sales will still be 6% below 2019 volumes.

Global new vehicle sales fell 25 to 30% in the first half of 2020, including 15% in China, 24% in the US and 40% in Europe, according to a report in the late summer from Fitch Ratings.

Related Posts