The global auto industry is anticipated to be affected by the outbreak of COVID-19 in all major markets. In a worst-case scenario, the industry's gross value added could be down 10.6 percent in 2020.
Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario
Fast recovery: Worse than expected sales volume due to reduced customer confidence in the first six months of 2020; increased ramp-up to offset losses between July and December 2020 Delayed curve: Sales volume declines due to component shortages and supply chain implications in the first six months of 2020; Q4 2020 ramp--up to minimize effect Profound recession: Vehicle sales are 10 percent lower than previously expected; no ramp-up due to continuous impact on supply chain
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Roland Berger. (March 12, 2020). Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/
Roland Berger. "Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario." Chart. March 12, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/
Roland Berger. (2020). Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/
Roland Berger. "Estimated Impact of The Coronavirus (Covid-19) Epidemic on The Global Auto Industry's Growth of Gross Value Added in 2020, by Scenario." Statista, Statista Inc., 12 Mar 2020, https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/
Roland Berger, Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario Statista, https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/ (last visited August 24, 2024)
Estimated impact of the coronavirus (COVID-19) epidemic on the global auto industry's growth of gross value added in 2020, by scenario [Graph], Roland Berger, March 12, 2020. [Online]. Available: https://www.statista.com/statistics/1104015/worldwide-auto-industry-gross-value-added-growth-covid-19/
