Pandemic Cuts 10 Million Cars From Global Sales Forecast

Automakers are poised for a precipitous drop in worldwide sales this year, according to a prominent forecaster that’s slashing its projections for virtually all regions.

Deliveries probably will plunge more than 12% from last year to 78.8 million, according to IHS Markit. The estimate released Wednesday is down 10 million units from the researcher’s expectations in January.