With 31% of countries having reported results for April 2020, we
are tracking for a 42 million SAAR (Seasonally Adjusted Annual
Rate) for vehicle demand for the month, a drop of 22% from
- The Italian and Spanish
passenger car markets collapsed in April, falling 97% and 96% year
on year (y/y) respectively and accelerating the losses in March.
The extension of the national lockdown measures to prevent the
spread of the coronavirus disease 2019 (COVID-19) virus that
restricted movement and closed non-essential businesses throughout
the month drove the collapse. Italy and Spain have been two of the
worst affected countries in the region in terms of mortalities,
hence the stringency of their respective governments. Italy is now
down over 50% y/y for the year to date (YTD), and Spain over 48%
- The UK suffered a 97% y/y drop in April, again
as government restrictions closed all but essential businesses and
restricted movement. This was on top of the 44% y/y drop in volumes
for the traditionally big-selling month of March.
- Although the pace of decline does not seem to be letting up
yet, there are some indications of a tenuous recovery. While actual
data for China is not yet in, the country is
expected to continue to recover from its low point in February.
Early signs of a nascent recovery were reported by Austria, where a
seasonally adjusted uptick of 17.6% was logged.
- US early actuals point to a slowing of the
decline with demand dropping 14% month on month after the massive
38% fall in March.
About the Global Auto Demand Tracker
The Global Auto Demand Tracker is updated daily with sales
and/or registrations by country by make for the most recent
calendar month. Where an actual is not yet publicly available, the
IHS Markit Sales Operations prediction for the month is
The Global Auto Demand Tracker allows automakers and their
national sales arms to see which markets are sliding into crisis,
which are emerging, and at what pace is the recovery. It also shows
which makes are being impacted the hardest in terms of volume and
To support our clients, IHS Markit is making the Global Auto
Demand Tracker available to all clients with access to Connect, our client portal, for
the months of May and June. Not a subscriber to Connect, contact a
sales representative for a free trial.