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Automotive Rapid Response Report - 6 May 2020

06 May 2020

As the COVID-19 pandemic continues to unfold, IHS Markit offers uniquely actionable, rapid insights to drive your business. Insights powered by the most up-to-date information available provide critical intelligence to inform near-term planning and longer-term strategic decision making. Download our weekly Rapid Response Report to get real-time market feedback on specific market actions that will help you get a step ahead and help determine which actions to take next.

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  • A 14% decrease month-over-month (m/m) in national registration volume as we conclude April
  • A 2% decrease m/m across the six southern states coordinating reopen activities
  • As the co-ordination efforts continue, there are several manufacturing plants likely to open in May including Volkswagen (Chattanooga), GM (Spring Hill), and Nissan (Smyrna).
  • As states start reopening their economies, it will be interesting to see if their recovery parallels our observations in China, where retail visits in some areas are 25% higher w/w.

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