Collapse of car prices and demand feared by the auto industry

Collapse of car prices and demand feared by the auto industry

Fear regarding the consequences of the novel coronavirus disease for manufacturers, lenders and rental companies are being looked into as the auto industry braces for a collapse in car prices and demand. The industry is already fretting regarding the lengthy factory shutdowns due to the global pandemic.

pennydreadful
pennydreadful
Rational
Rational 1 months

Well no shit. People can't spent what they don't have. 22 some million people got laid off, so purchasing another vehicle will not be a top priority.

DAVID A
DAVID A 1 months

Good...less pollution...less spending on unnecessary things.

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