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Moody's: poor sales prospects for the Global Automobile Industry
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10:28AM
The content below was translated by Tencent automatically for reference.

SMM News: due to increased risk, global car sales are expected to fall 3.8 per cent in 2019 and 0.9 per cent in 2020, Moody's said in a report. The "outlook" for a short-term rebound in global sales is bleak.

Sales of light vehicles in western Europe are expected to fall by 2 per cent in 2019 and 3 per cent in 2020. Moody's cut its forecast for passenger car sales in all major European markets in 2019 and 2020, particularly in Italy and Spain. The demand for light commercial vehicles "may remain healthy".

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