Japanese Automakers Stand to Lose $1.6 Billion From Coronavirus: Analysts

Coronavirus outbreaks are shrinking sales expectations around the globe, but it’s Asia that has the most to lose. We’ve already seen rolling reports of the Chinese market’s virus-related decline — an affliction that’s spilling over into neighboring regions as more people fall ill and others stay home to avoid contagion. Employees, parts, and customers are all in short supply.

Goldman Sachs now predicts global sales will decline 3.5 percent in 2020. It’s a considerably more foreboding estimate than the 0.3-percent contraction predicted just last month, and the decline is presumed to hit Japan the hardest — after China, of course.

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  • CanadaCraig You can just imagine how quickly the tires are going to wear out on a 5,800 lbs AWD 2024 Dodge Charger.
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