U.S. Auto Sales Chartbook. May 2020

COVID-19 will have a negative impact on vehicle sales through 2020 due to lockdowns and economic contraction. The worst impact is likely to be felt in 2Q.

Key points

• Key points:
• Monetary and fiscal stimulus will provide some relief to dealers and consumers, but with some lag
• A gradual recovery seems more likely since consumer confidence and employment will take time to return to pre-pandemic levels
• In the long-run, sales could be affected by changes in consumer behavior induced by the pandemic (e.g. people moving away from urban areas, or increasing rates of remote work)

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