Coronavirus Could Cost the U.S. Auto Industry More Than a Million Sales

Tuesday, 17 March 2020 22:33

Coronavirus Could Cost the U.S. Auto Industry More Than a Million Sales

Written by Byron Hurd, AutoBlog

Car dealerships are expecting to feel the pinch from coronavirus control policies as U.S. state governments have begun calling for lockdowns of walk-in businesses. Dealers, like other retail outlets, will begin to see the impacts of social distancing in the coming weeks.

Analysts are projecting that U.S. auto sales could drop between 3% and 9% compared to 2019. Depending on the duration of control measures, those figures could jump to nearly 15%.

This is a significant deviation from pre-coronavirus estimates, which essentially called for a flat 2019.

Read more at autoblog.com.

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