Coronavirus (COVID-19) - Automotive sector impact - 04 August 2021

Globaldata's report on the impact of COVID-19 on the automotive sector includes detailed coverage of the sector analysis, COVID-19 affects and sector insights among others.

The number of COVID-19 confirmed cases is the US is over 34 million, with cases again rising after a sustained period of decline. As in many other countries, most new cases are of the Delta variant, with hospitalizations also on the rise (97% of those admitted are unvaccinated). Brazil has one of the highest case-loads globally, with surges driven by new variants and a lack of preventative measures from the government.

View an all inclusive summary of the impacts of COVID-19:

• Hiring prospects appear to have been gradually improving since April 2021
• Nearly 45% of employees report an increase in productivity during WFH
• Most offices will return to at least 50% capacity in the next six months
• Most respondents continue to work from home full-time
• Lack of social stimuli and unplugging after work are big challenges for remote workers

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May’s light vehicle sales have now been reported for all global markets. They show a 36.2% year-on-year increase, which was not unexpected due to the impact COVID-19 had on the prior year’s sales. For the second consecutive month all major regions contributed high double-figure gains. Despite the positive year-on-year gains it was largely a disappointing month for sales. On the back of May’s sales GlobalData’s forecast for the year has been downgraded to 85.5m, a 13% increase on 2020 but 4% lower than 2019’s total. We anticipate that June will be the final month of double-digit year-on-year gains. Initial reports for June's sales – without China's contribution – indicate that sales were up some 14% year-on-year.

For better understanding, of these sectoral impacts, download our free report.