Impact of COVID-19 on Global Auto Industry

Under the grip of the COVID-19 pandemic, LMC Automotive expects the percent decline in global Light Vehicle sales in 2020 to be nearly double that of the fall during the Great Recession (between years 2007 and 2009).

With every market around the world now struggling from the COVID-19 impact, there remains significant risk as the situation is extremely dynamic. Further downward revisions in many markets are probable.

Read the full press release: