In the midst of this chaos prompted by the widespread effects of the coronavirus, the global automotive industry will confront a challenging year in new vehicle sales and is projected to register a 24% drop in growth during 2020. To help players survive the present and thrive in the future, Frost & Sullivan has curated a comprehensive scenario-based analysis on the current challenges faced across segments in the automotive industry.
Key Takeaways:
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- Find out how OEMs will revise supplier sourcing strategies and chart out cohesive roadmaps for future contingencies
- Discover how E-retailing as a channel to sell cars, parts and services will emerge as a clear winner
- Identify risk mitigation strategies for both dealers and OEMs to recover from market slowdown
- Understand how the liabilities of vehicle manufacturers are expected to rise as continuous plant shutdowns result in losses of billions of dollars per week
