[Auto] Moody’s predicts that vehicle sales will drop 2.5% in 2020 due to coronavirus

[Dr.Drako]

The drop is less than that calculated before the spread of the virus, which was 0.9% according to the rating agency
Global car sales will drop 2.5% in 2020 due to the coronavirus, according to analysts at Moody’s risk measurement agency.

This drop is greater than what Moody’s had previously calculated, before the virus spread, which was 0.9%.
According to its senior vice president, Falk Frey, the agency expects car sales to rise "only modestly in 2021," with growth of 1.5%.
 

Moody's says it has revised its sales forecast downward because the spread of the coronavirus affects auto demand and disrupts supply chains.
 

The drop in sales in China will be 2.5% in 2020, compared to the growth of 1% previously forecast.
 

Auto sales in the United States will remain weak and in Western Europe will fall in 2020.
 

Japan will be, according to Moody’s calculations, the only major automobile market where sales will grow this year, by 0.4%.