The power of local asylum order will show that the sales volume of American cars may plummet by 80percent

category:Finance
 The power of local asylum order will show that the sales volume of American cars may plummet by 80percent


Tyson Jominy, vice president of data and analysis at jdpower, said: we expect these restrictions to have a broader impact next week, with sales down 80% or more.

Group 1 Automotive Inc, a dealership, told investors on Wednesday that its overall U.S. car sales were down 50-70% from Marchs normal forecast. Group1 cut its marketing spending by more than 75% and gave 3000 U.S. employees 30 days off, possibly another 30 days.

The crisis is also likely to accelerate the transfer of dealerships to online sales, after retailers were slow to respond to the trend.