Global Output Estimated To Fall By 20% In 2020

Global light vehicle production is now expected to fall more than 20 percent to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession, a top automotive forecaster said Monday.

That steep decline, far greater than anticipated earlier this year, likely will cost global automakers 19 million units in lost production in 2020, according to LMC Automotive, which warned those projections could slip further, depending on how quickly major regions recover.

MDarringer - 4/21/2020 11:09:31 AM

-1 Boost

Ahh the power of panic and overreaction.

MrEE - 4/21/2020 3:57:46 PM

+1 Boost

Wondering when discounting/incentives will peak. Not interested in the current leftover 19 models that no one wanted. Would like a chance of a Toyota at 20% off. Might be only the resale market tanks, given temporary production shutdowns.

ricks0me - 4/21/2020 6:43:52 PM

+1 Boost

Matt: Have the mfg's set realistic sales goals for your dealerships?

MDarringer - 4/21/2020 7:46:18 PM

+2 Boost

We're a big enough group that we can push back if the goal is too high. If you're successful, they can be told to get off your ass on occasion. LOL There is a radical redistribution going on though. I'd be surprised to see any more Fusions coming. There will be a massive push with the Aviator--because it sells--and of course getting the Bronco going. It would not surprise me to see the Malibu die.

ctsang - 4/23/2020 11:17:04 AM

+1 Boost

may be even more