COVID-19 and its Impact on the Automotive Sector

This is the latest version of our COVID-19 impact on the automotive sector report– this report reflects our perspective as of 29 July, 2020, although the outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date.

This issue highlights the global light vehicle sale scenarios under COVID-19, whereby we have aimed to achieve substantive coverage with a measured approach through the selected regions: Asia-Pacific, Europe, North America and South America. Secondly, we have underpinned Original Equipment Manufacturer (OEM) exposure assessment, covering the world’s largest markets: China, North America and Europe.

Scope

This report contains global light vehicle sale scenarios under COVID-19. The regions selected include: Asia Pacific, Europe, North America and South America. In each of the above regions we aimed to accommodate countries that cumulatively represented between 80% and 90% of sales in the region in January 2020. The approach brings 21 countries accounting for 81.2% of light vehicle sales recorded globally in January 2020

Additionally, it contains OEM Exposure and an OEM Exposure Index, covering the world’s largest markets: China, North America and Europe.

A section ‘OEM Plant Shutdowns in Europe and North America’ highlights plant shutdowns that have roiled the industry globally

Key Highlights

Highlights from the story in the sector so far:

Sectoral Concerns have moved on from being centered on supply chain disruption emanating from the source of the virus’s inception to the demand side of the equation.

Initial reports revealed the deep-seated complexity of supply chains as production at FCA and Hyundai factories in Europe and South Korea was disrupted.

However, given the size and importance of the Chinese market to the industry, global light vehicle sales were severely dented in January 2020.

No parts of the automotive value chain will be undamaged in the short-term, with some more exposed than others

Most plants in Europe and North America are now closed. For Europe we estimate the impact of the closures – taking the end of April as a cut-off point – at 1.3 million vehicles being cut from production

All eyes will now be on China for first indications of how the industry can recover, as the country itself restarts operations and returns to some semblance of normality.

Reasons to buy

COVID-19 will be one of the most important themes of 2020, meaning it’s vital to understand the impact on your industry

Utilize this report to identify industry expert perspectives on the outbreak and the impact on the automotive sector

Companies mentioned

Suzuki

Mitsubishi

Tata

Mazda

Renault

Toyota

Subaru

Honda

Nissan

Hyundai

PSA

Tesla

FCA

Ford

BMW

Daimler

Geely

GM

VW

Table of Contents

Introduction

Covid-19 Light Vehicle Sales Analysis

OEM Exposure

    Pricing

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