The automotive industry faces the worst crisis in its history

The coronavirus crisis affects an automotive industry already under pressure. Industry experts fear a strong impact on certain suppliers.

This is the worst crisis that has ever hit the auto industry, “warned director general of the Association of European Automobile Manufacturers (ACEA) Eric-Mark Huitema at the end of March.

For the past quarter, actions around the world to stem the spread of the Covid-19 epidemic have brought global production chains to a standstill and caused concessions to be abandoned.

In France, sales of new passenger and commercial vehicles fell 70.9% in March, according to data from the Committee of French Automobile Manufacturers (CCFA). In the first three months of the year, the drop in sales reached 32.9% in France.

In China, the world’s largest market, transactions collapsed 79.1% in February, said the Chinese Association of Automobile Manufacturers (CAAM). In total, sales of light vehicles could drop by 15 to 23% worldwide in 2020, to 77 or 69 million units, estimates the firm LMC Automotive. Worse than during the 2008-2009 economic crisis.

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