As per the International Organization of Motor Vehicle Manufacturers (OICA), North America is witnessing a downfall in the sales of the vehicle from the past three years. Around 20.8 million vehicles were sold in 2019 as compared to 21.1 million in 2018. As per the International Trade Administration, the automotive sector supports around 4.0 million jobs in the US. The US witnessed around $115 billion FDI in 2018. The country exported around 1.8 million light vehicles and 131,000 medium and heavy trucks globally in 2018 which valued around $60 billion.

Request a free sample of our report on Impact of COVID-19 Pandemic on North American Automotive Industry : https://www.omrglobal.com/request-sample/impact-of-covid-19-pandemic-on-north-american-automotive-industry

Before the COVID-19 pandemic, flat growth in the number of vehicle sales in North America was expected in 2020. New technologies such as self-driving vehicle technology, ADAS systems were expected to provide additional revenue on cars in the upcoming period. However, due to the COVID-19 pandemic, vehicle production and assembly have been halted at most of the units in the region and vehicle sales have been dropped by 70-90% at various locations in the first quarter of 2020.

A full report of Impact of COVID-19 Pandemic on North American Automotive Industry is available at : https://www.omrglobal.com/industry-reports/impact-of-covid-19-pandemic-on-north-american-automotive-industry

By April 2020, the US became the most affected country due to the COVID-19. North America has witnessed around 600,000 cases due to COVID-19 by 13th April 2020. Out of this, around 560,000 were registered in the US alone, highest in any country all across the globe. As a health precaution and lower demand, the automotive companies had to halt the operations at most of its production and assembly plants in the region.

Impact of COVID-19 Pandemic on North American Automotive industry Segmentation

Sales Channel

OEM

Auto-Ancillary

Aftermarket

Vehicle Type

Passenger Vehicle

Commercial Vehicle

Propulsion Technology

Conventional Energy Vehicles (Gasoline)

New Energy Vehicles (Electric)

Regional Analysis

The US

Canada

Company Profile

AB Volvo

BMW AG

Bridgestone Corp.

Continental AG

Cooper Tire & Rubber Co.

Daimler AG

Fiat Chrysler Automobiles N.V.

Ford Motor Co.

General Motors Co.

Honda Motor Co. Ltd.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-pandemic-on-north-american-automotive-industry

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404