Catchy crisis struck a strong blow to the global automotive industry. The fall in the production of passenger cars and LCV for the first half of 2020 amounted to 31.7%, that is, it decreased almost a third.

Such a decline was the result of the introduction of «coronavirus» restrictions, due to which car plants began to close in many countries of the world. At the specified period, not only production volumes decreased, but also sales of cars on the global car market. The decline has reached a mark in minus 26.2% year in annual terms.

In the context of the widespread decline in the world leader in the production of cars, the Japanese company still remains

Second place has retained a group

But what is noteworthy. Chinese automakers were most stable, which either did not reduce the production of cars, or showed a small decline in percentage. This applies to Chinese companies as

We also add that world automakers lost revenue in the amount

The French company Renault SA lost $ 11.35 billion revenue and reported on a record pure loss of $ 8.63 billion for the first half of the year. American automakers were also injured in connection with the pandemic. Ford Motor, General Motors and Fiat Chrysler Automobiles NV cumulatively lost $ 69.29 billion revenue for the first half of the year, while the greatest losses were part of Ford. Meanwhile, not all companies found themselves in such a predicament. So, the sale of Tesla fell in the second quarter, but revenue growth in the first three months of the year helped to compensate for the decline. Thus, the manufacturer of electrocarves increased revenue for the first half of the year by more than $ 1 billion.

However, on this negative background for traditional automakers, a positive signal is the dynamics of the Chinese roar. Sales of passenger cars in the PRC rose by 8.5% in the annual expression in July. So, not everything is so bad. The heads of automotive concerns are generally set up less optimistic. In the Japanese Toyota company, which has lost $ 35.45 billion in the first half of the year, expect the global car market to reach 2019 by the end of 2020 or the first half of next year. A number of analysts share this forecast. Thus, an expert of the American bank Citi Angus Tweidy expects to see a positive trend in terms of volumes in the second half of the year in Europe, since «almost complete closure of European markets in April and May led to the unprecedented levels of deferred demand.» The best indicators in the third quarter can be recorded in the markets of Great Britain, Italy and Spain, since a sharp decline in the second quarter will lead to even more active accumulated demand, analyst notes.