Prolonged Coronavirus Epidemic In U.S. Could Send Auto Industry Into 14% Downturn, ALG Says - News Summed Up

Prolonged Coronavirus Epidemic In U.S. Could Send Auto Industry Into 14% Downturn, ALG Says


(Photo by Sergei Malgavko\TASS ... [+] via Getty Images) Sergei Malgavko/TASSCould the worst of the coronavirus epidemic scare be behind the United States by May 1? But a prolonged epidemic would present another, much more dire face to the car industry. Press events for a number of vehicles, including the 2021 Chevrolet Trailblazer, have been canceled ... [+] in light of the coronavirus epidemic. It will also have an immediate short-term impact on vehicle sales due to reduced consumer income and reduced commerce in general. In light of the COVID-19 epidemic, ALG has also reduced residual values in its latest Residual Value Book.


Source: Forbes March 16, 2020 12:56 UTC



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