The COVID-19 pandemic has posed the single biggest risk factor for the autos industry in years as consumer demand stalls, according to IHS Markit.
U.S. auto sales are expected to fall at least 15% this year as the U.S. implements more aggressive restrictions to prevent the spread of the coronavirus.
The COVID-19 pandemic that has spread to nearly every country on the globe has forced a number of governments to implement drastic measures to slow its spread. This has posed the single biggest risk factor for the autos industry in years as consumer demand stalls, according to IHS Markit.
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