Global sales (PC + LUV) declined by 23% over 7 months 2020
- Global vehicle sales (passenger cars and utility vehicles) fell by 23% over the cumulative first seven months of 2020, due to the coronavirus crisis that affected many countries during the first half of this year.
- At the end of June 2020, the decrease was 26.2% which shows that we gained more than three points in July which records a worldwide decrease of only 2% compared to July 2019. The improvement is in progress.
- If the global auto market is stable between August and December 2020 compared to the same period in 2019, the decline over the year would be around 13%. If the global automotive market records a decline comparable to that of July 2020 over the next five months, the decline over the year would be around 14%. There is therefore a good chance that the year will end with a decline of less than 15%.
- Regarding the global automobile production (passenger cars and utility vehicles), it has fallen by 29% over the cumulative first seven months of 2020, which shows that there is still a significant gap between production volume and sales (around 6%), demonstrating that sales from stock are continuing today and that restocking has not yet started. At this rate, the drop in production over the year could reach around 20%, unless restocking takes place in the coming months.
- Depending on the extent of this restocking (if it occurs), the drop in global automobile production over the year 2020 could be between -15% and -20%.
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