Car sales drop by a fifth due to the pan­demic

The Daily Telegraph - Business - - Business -

Global sales of cars and light ve­hi­cles are now pre­dicted to fall by 20pc this year, due to neg­a­tive im­pact from the pan­demic, ac­cord­ing to S&P. The rat­ings agency said its forecast “is more con­ser­va­tive than gen­eral market stan­dards”, and added that any up­side will come in China, which “may be the only market to catch up with 2019 vol­umes by the end of 2022”.

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