Abstract

This article reports on trends in automotive sales and electronics.Recent economic indicators show a decrease in passenger vehicle sales of nearly 7% in July compared to the previous year, despite some countries showing variable signs of recovery after the COVID-19 lock-down.Sales in the United States contin-ue to fall because of the pandemic's prolonged impact on the economy. The volume of passenger vehicle sales in July, although higher than in June, declined almost 19% com-pared to the year-earlier period.As COVID-19 continues to spread in ma-jor U.S. states, including California,Texas, and Florida, people are expe-riencing less traffic, and passenger vehicle sales face strong headwinds.The market is being stimulated by new concepts, such as neighborhood EVs (a U.S. designation for battery EVs that are usually built to have a top speed of 40 km/h and a maximum loaded weight of 1,400 kg), battery EVs, and gasoline and hydrogen fuel cell hybrids. The July results repre-sent an increase of 20% for this mar-ket segment, to nearly 98,000 units.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.