The Automotive Quarterly report for June 2020 highlights the impact of the global COVID-19 crisis on the automotive industry. The report shows that the automotive indices have fallen significantly, with the STOXX Europe 600 Auto down 37.5% and the STOXX Global 3000 Auto down 27.1%. This puts the automotive values at the lowest level in the last two years, with even lower values last seen in 2013. The report also shows that sales for the considered manufacturers have declined significantly due to the pandemic, with an average sales decline of -5.1% in Q1 2020 compared to the previous year. The impact on the OEMs varies due to the delayed implementation of lockdown measures, with Ford and the Volkswagen Group losing the most (-14.3% and -12.4% respectively), followed by Audi (-9.7%). BMW (-6.4%) also lost compared to the previous year.
