Which vehicle manufacturing industries were most affected throughout COVID-19?

In 2019, car manufacturing dropped by five percent and ended a ten-year boom in the industry. Following on from the disastrous nature of COVID-19 and its impact on many manufacturing industries, production of cars reduced a further 11% in 2020, meaning that there was a drop of more than 16% in auto manufacturing globally in the last two years.¹

So, what’s happening? Let’s take a closer look

According to data obtained from the US Bureau of Transport Statistics (BTS),² from 2015 to 2020 passenger car manufacturing has overall been on the decline. The manufacturing of commercial vehicles such as trucks and light trucks has also mostly been on the decline in those past five years. In 2020, the level of car manufacturing was as low as it had been since 2010, which was low as a result of the 2008 recession.¹