Will survive? Bad forecast for automakers

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Will survive? Bad forecast for automakers

Due to the strengthening of the negative impact of the proliferation of COVID-19, the international rating Agency Moody’s has revised the forecast decline in passenger car sales in the world market in the current year. According to experts of the Agency at the end of the year sales could fall by 14%. Before that, in February forecast a decline expected at 2.5%.

As noted in the forecast of the Agency, most significantly the demand falls in Western Europe, where car sales will decline by 21%. Earlier, the Moody’s forecast suggested a decline of 4%. Recovery sales Agency accepts only by 2021.

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The Agency also predicts that sales of passenger cars in the U.S. in 2020 will fall by at least 15%. Earlier, this forecast assumes a reduction of only 1.2%.

In addition, car sales in Japan will decline by 8%.

As for China – the largest regional market this year, according to the forecast Moody’s, the demand for passenger cars there could fall by 10% in the earlier forecast assumed a contraction of 2.9 per cent.

On materials: news Agency “Finmarket”

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