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Industry Top Trends Mid-Year 2020 Update: European Autos

We had already expected demand to be weak in 2020, even before the pandemic. Now autos are taking an additional hit as a result of the devastating effects of COVID-19 on the bulk of Europe’s economies. We now see decline in light vehicle sales in Europe of 20%-25% in 2020, before recovering in 2021 by 10%-15%.

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