It adjusted its forecast for passenger car deliveries in the U.S. to predict a 7% drop this year, from a previous forecast of a 1% drop.
In Europe, it said it expected deliveries to fall 4%, from a previous forecast of no change.
In China, by contrast, where the recovery from pandemic-related lockdowns was progressing faster than expected, it forecast 9% growth compared with a previous forecast of 3%.
Globally, the association continues to expect no change from last year’s deliveries, which totalled 71.4 million vehicles – still 9.2 million below the industry’s output in 2019 before the pandemic.
Source: Economy - investing.com
