EMERGING TRENDS IN AUTO INDUSTRY POST PANDEMIC

Industry Leaders|June 2020

EMERGING TRENDS IN AUTO INDUSTRY POST PANDEMIC
The U.S. is projected to see a 26.6% fall in domestic vehicle sales U.S., the lowest volume of sales since 2010 after the 2008-2009 recession.

The outbreak of the Novel Coronavirus (COVID-19) is having a major impact on all business and manufacturing, including the automotive industry. Following the lockdown and state-at-home orders in most nations, industries shut down assembly lines and factories to keep their personnel safe. Automobile and component manufacturing plants are closed around the world, consumer buying has fallen sharply, vehicle sales are dropping dramatically, and almost every major industry event is canceled or going the digital way.

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June 2020