23 Jun 2020 13:22 IST

Crashing US auto sales: Can the industry recover?

Summer may see an uptick but will the rest of the year make up for the springtime slide?

Sales of such products as toilet paper, hand sanitiser and even some home appliances have skyrocketed during the Covid-19 pandemic, while auto sales have experienced the opposite. Through March, April and May, the total vehicle sales in the US fell to levels that have not seen since the Great Recession a decade ago. Demand crashed as millions of commuters suddenly started working from home or were laid off, and consumers responded predictably to the economic uncertainty by putting off expensive purchases such as new cars, trucks and SUVs. Knowledge@Wharton’s John Paul MacDuffie talks with Wharton Business Daily about how the auto industry is faring during the pandemic. Listen to the podcast and read the text here.