The car industry survived the pandemic. Here's what the future holds

MG

Moderator
Bustling factories shut down, workers idled at home, glistening new vehicles sitting parked in vacant lots.

Now it's business as usual.

"In April we were anticipating a complete meltdown in the car business," Rory Carroll, editor-in-chief of Jalopnik, told ABC News. "That really hasn't been the case. I am very surprised at the demand for cars."

Automakers are up and running again, churning out the sport utility vehicles, trucks and sports cars that Americans are feverishly demanding. Industry insiders were expecting the worst when the coronavirus pandemic disrupted vehicle production and overseas shipments.

Analysts like Jeff Schuster, president of LMC Automotive's Americas operations and global vehicle forecasts division, are forecasting...READ MORE HERE
 
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