Rubber & Plastic News reports that the outlook for auto sales for the remainder of 2020 is better than it was a few months ago, though far from a banner year.
A recovery began almost as abruptly as things fell apart in the spring, according to analysts who gave an economic overview of light-vehicle production and sales in a Zoom presentation Aug. 5 during the Center for Automotive Research Management Briefing Seminars But it will take that recovery a long time to get back to the 17 million-plus U.S. sales levels of previous years. IHS Markit is calling for light vehicle sales of 13.3 million this year, compared with 17.1 million last year.