Global car sales are expected to decline by approximately 3.1 million in 2019 − the steepest year-over-year drop since the Great Recession, according to Fitch Ratings.
Global car sales are expected to decline by about 3.1 million in 2019 − a larger unit drop than in 2008, according to Fitch Ratings.
Sales in the U.S. are struggling as well. Fitch Ratings anticipates an approximate 2% decline in U.S. sales to 16.9 million in 2019.Eduardo Munoz | Reuters Global car sales are expected to fall by about 3.1 million in 2019 − a bigger drop than in 2008 − Fitch Ratings economics team said Monday, citing data collected by the International Organisation of Motor Vehicle Manufacturers. The slowdown in auto sales is contributing to a drag on global manufacturing, Fitch said.
Global passenger car sales fell to 80.6 million in 2018 from 81.8 million new units sold in 2017, which was the first annual decline since 2009, Fitch said. Worldwide sales in 2019 look likely to fall by another 4% to around 77.5 million new vehicle sales.
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