COVID-19's Impact on the Automotive Industry

Related Expertise: Automotive & Mobility, Operations, Supply Chain Management

COVID-19’s Impact on the Automotive Industry

By Brian CollieAlexander Wachtmeister, and Albert Waas

The auto industry has seen the impact of the coronavirus crisis evolve from a supply shock to a global demand shock. BCG’s automotive and Center for Macroeconomics teams forecast that automotive sales most likely will decrease 14-22% among the China, US and European markets in 2020. Amidst such uncertainty, it is critical that companies take a comprehensive approach and develop a range of scenarios and robust contingency plans to navigate through these turbulent times. Download the PDF or explore the slideshow below.

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COVID-19’s Impact on the Automotive Industry