U.S. auto sector could take years to recover

The U.S. automotive industry’s recovery from the impact of the novel coronavirus could take years, even as the industry has signalled a slow climb back. According to the Bank of America Corp.’s annual Cars Wars forecast, the global vehicle sales decline is a massive number. “A growing consensus is taking shape that expects a years-long recovery for the U.S. auto industry and the economy,” said The Detroit News. “It could take into the mid-2020s before sales return to more than 16 million.” (Source: The Detroit News) Read the original article…

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