Japanese Carmakers Brace for US sales Shock as Coronavirus Hits Consumers

The United States overtook Italy and China last week to become the country with the most confirmed cases of coronavirus in the world. As of Wednesday morning Asian time, approximately 188,000 infections were reported and COVID-19 killed more than 3,800 people. Cities were closed and businesses closed as a result of the pandemic. Although car sales are expected to drop globally, the drop in shipments for Japanese automakers will be most pronounced in North America, where Goldman was down 18.6% compared to 9.6% in Europe and 3% for Japan.