A Canadian auto industry analyst says two months of plummeting car sales caused by the coronavirus crisis could set the stage for a major shakeup affecting everything from car manufacturing to dealerships, even the development of electric and autonomous vehicles. One of the things that I think a lot car dealers are discovering is how well they can function with fewer people. How COVID-19 could affect the future of the auto industryUsed car dealerships like this one in London, Ont. fared slightly better than new car dealerships in terms of sales in April, likely because used cars less expensive. The other place DesRosiers thinks the pandemic will hammer the auto industry is luxury car sales, which has seen high growth for the last decade, he said.

Source: CBC News May 06, 2020 09:00 UTC