MARKET
Worldwide plunge in car sales forecast to top 17%
Figure for new passenger cars is down 34.8% and bakkies have declined 42.6% year to date in SA
09 July 2020 - 05:06
The world’s light vehicle market is forecast to decline 17.2% to 73.6-million units in 2020 due to the Covid-19 pandemic and its associated economic fallout, said GlobalData, a data and analytics company.
“This is a bigger one-off shock than witnessed in the two years of the global financial crisis,” said Calum MacRae, automotive analyst at GlobalData. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.