Global Analysis from the European Perspective. Preparing for the world of tomorrow

Global car sales expected to slide by 3.1 million this year in steepest drop since Great Recession

  • 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.
  • Falling demand in China, the world’s largest auto market, is a major factor in the worldwide decline.
  • 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. Source CNBC

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