Market Sector Insights - The Automotive Market
admin962631
Dec 30, 2020
1 min read
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.
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