JATO Dynamics

Global Auto Sales Down 26%, By More Than 6 Million Units, In 1st Quarter

A couple of weeks ago, I published a report showing US new auto sales were down 496,600 in the first quarter of 2020 (compared to the first quarter of 2019). That seemed like a stunning, jaw-dropping drop in auto sales. Looking at the global auto sales story, though, the 496,000 drop looks like peanuts. In the same period, new auto sales were down by more than 6 million units globally.

Electric Car Tipping Point Is At Hand

Could 2018 go down in history as the beginning of the end for fossil-powered vehicles? Several auto industry analysts quoted in a recent Financial Times article (via The Drive) think it’s a possibility. “We will probably see the peak of combustion engine car sales in 2018,” Felipe Munoz, an automotive analyst for Jato Dynamics, told FT, adding that his company’s ‘optimistic’ forecast for the global auto market had changed in the last six months.”