IHS Markit forecasts 2020 US auto sales to be 14.4M units, down by at least 15.3% y/y. The global auto sales forecast is expected to decline more than 12% from last year to 78.8M units, which would be a larger decline than the 8% drop during the Great Recession a decade ago IHS Markit expects sales declines in Europe by nearly 14% and in China by 10% y/y. Global production of vehicles could fall by more than 1.4M as auto plants remain closed in Europe, North America and Latin America. US Total Vehicle Sales as Feb 2020: 17.295M s/adj annual rate. Highest post Great Recession: 18.44M as of Aug 2015. $F $GM $FCAU $TM $CARZ $IYT