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Russia-Ukraine Conflict Could Bring down Global Automotive Sales by 2%

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2022-04-08

Wall Street Journal reports, according to S&P Global, the Russian-Ukraine war worsens the disruption of global supply chain and could make the global sales of light vehicles drop 2%. S&P Global previously predicted the automotive sales of 2022 would grow 4% to 6%. It says the war may affect the European market because Europe relies on the supply of materials, natural gas and petroleum.

S&P Global states the price rise will not affect the transition to electric vehicles, and points out the possible shortage of palladium as well as a possible price increase in steel, copper, aluminum and nickel, which bring critical risks to the automotive industry this year.

俄烏衝突

Russia-Ukraine Conflict

全球汽車銷量

下降

bring down

global automotive sales

標普全球評級

S&P Global

材料短缺

materials shortage

鋼鐵上漲

price increase