Tag: global new vehicle demand forecast 2020-2030

Latest demand forecast: Vehicle sales will drop up to 40%, with second dip expected this year

The recovery in new vehicle sales in the wake of the coronavirus crisis will not only be varied in speed across major automotive markets, but it will also be uneven. Further pullbacks in sales are likely later in 2020 and into 2021 for many countries, according to a new report and forecast by Automotive from Ultima Media, the business intelligence arm of Automotive Logistics.