New vehicle sales forecasts for 2020 and 2021. Is there light at the end of the tunnel?
This report provides sales forecasts for 2020 to 2025, coupled with analysis of the reasons for the decline since mid-2018 and their future implications. The driving forces responsible include both demographic and economic factors.
The report also includes scenarios for the rate of recovery, which will be updated frequently as new data becomes available.
We have been forecasting the market since 1997, through periods of stability and of great change. As a result, we have developed indicators and judgement which we use in conjunction with economic models to maximise forecasting accuracy.