Global Passenger Car Sales to Plunge by $440B in 2020, Entire Market to Drop by 10% in 2021
Jastra Kranjec
December 29, 2020
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The COVID-19 pandemic hit the automotive industry hard, causing supply chain disruptions, factory closures, and huge sales and revenue drops. According to data presented by Stock Apps, global passenger car sales is expected to plunge by $440bn in 2020 due to the coronavirus outbreak. The downsizing trend is set to continue next year, with revenues …
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