PSA Group managing director Alison Jones has revealed that strategic planning for the Citroen, DS Automobiles and Peugeot brands has been modelled on a 96% potential decline in new car sales during the UK's coronavirus lockdown.
Car production forecasts from the Society of Motor Manufacturers and Traders (SMMT) have suggested that UK auto output will fall by 200,000 to just below 1.1 million because of plant shutdowns caused by the COVID-19 coronavirus - representing an 18% fall in output this year.
February 2020 saw something of a milestone for the UK's new car registrations: whereas Ford has been the best-selling marque in the UK since the late 1970s, and the supplier of the best-selling model for even longer, both titles went to VW this month.
Automotive industry analyst GlobalData has claimed that carmakers Tesla and Toyota will prove to be the OEM brands most resilient to the impact of COVID-19 coronavirus following a manufacturing sector review.
While Jaguar Land Rover (JLR) is still producing cars in the UK (for now), the rest of the UK mass auto industry has effectively shut down, as the devastating economic effects of coronavirus unfold across Europe, disrupting supply chains and dramatically reducing demand.
The International Monetary Fund (IMF) and automotive sector analysts have expressed an inability to speculate over the economic impact of coronavirus as businesses grow increasingly “anxious over the duration” of the outbreak’s impact.