Coronavirus hits global automotive industry

The coronavirus (covid-19) outbreak is an unprecedented event in modern history. With a significant proportion of the global population in lockdown, markets are plummeting and business is stagnating; many automotive factories are closed and supply chains are disrupted. While the results of all this are very difficult to predict, an analysis by Ultima Media’s Business Intelligence Unit suggests that the impacts on key markets could be as follows:

Global & Regional Automotive Sales Volumes Forecasts Under 3 Scenarios 2017-2030 (units)

US Automotive Sales Volume Drop Compared to BAU Under 3 Scenarios 2017-2030 (units)

Europe Automotive Sales Volume Drop Compared to BAU Under 3 Scenarios 2017-2030 (units)

China Automotive Sales Volume Drop Compared to BAU Under 3 Scenarios 2017-2030 (units)

Central & South America Automotive Sales Volume Drop Compared to BAU Under 3 Scenarios 2017-2030 (units)

This data was taken from Ultima Media’s ‘Global Vehicle Demand Forecast 2020-2030: The Drastic Impact of the Coronavirus Crisis’. The full report is downloadable here

Ultima Media has also launched a weekly livestream update on the coronavirus situation, including webinars and Q&As. This is accessible via the Automotive Logistics homepage

04/28/2020 06:35:42