Global Top 10 Countries Sales Forecast (Q2 2020)

2020 global sales forecast down to 71.07 million units, India and Brazil sales cut nearly in half

2020/07/22

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Commentary

*An updated version of this forecast report will be released every quarter.

- According to LMC Automotive's forecast of 2020 light vehicle sales volume (as of the 2nd quarter of 2020), global sales are expected to decrease by 21.3% year-on-year to 71.07 million units. As the impact of the new coronavirus further strengthened, the outlook for global sales was revised downward from the forecast made in the first quarter of this year (76.61 million units).

- Although there is no change to the top 10 sales countries in 2020 falling below the previous year’s sales forecast, sales in India and Brazil in particular are expected to drop by almost half compared to 2019, further reflecting the difficulties these countries are facing in the economy as well as the automotive market.

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