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Automotive manufacturers and parts suppliers – Global 2021 Outlook

2021 outlook stable on expectations of car sales recovery

In 2021, we expect global car sales to rebound from the trough of 2020, but the recovery will be uneven and unlikely to reach the previous cyclical peak recorded in 2018 any time soon.
Matthias Heck
Vice President - Senior Credit Officer, Corporate Finance
Moody's Investors Service


Global Auto

Car sales to rebound after sharp downturn in 2020

While global auto unit sales will rebound from their coronavirus-fueled plunge in 2020, sales are unlikely to return to their previous annual peak of around 95 million units before mid-decade.

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Podcast - Outlooks Connections Episode 5

Pandemic hurts oil, gas and auto firms’ capital spending, utilities less affected

Elena Nadtotchi and Matthias Heck of the Corporates team and Nana Hamilton of the Infrastructure team explore the outlook for global oil and gas producers, global auto makers, US regulated power utilities, and European unregulated utilities. The oil and gas and auto industries’ capital spending will come under pressure following a coronavirus-induced drop in revenues during 2020, although companies continue to invest in carbon transition. Utilities’ capital spending will remain robust because the pandemic has had less impact on them.

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