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Fitch Downgrades 2025 Global Automotive Industry Outlook to 'Deteriorating'; Direct Impact of US Tariffs on CN Auto Mkt Limited
Recommend 39 Positive 83 Negative 48 |
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Ying Wang, Managing Director of Asia-Pacific Corporate Ratings at Fitch, revealed that the rating agency has downgraded its 2025 outlook for the global automotive industry from "Neutral" to "Deteriorating". Given that the US announcement of tariffs on car imports may lead to reduced production and increased costs for global car manufacturers, Fitch has revised down its 2025 US light vehicle sales assumption from 16.3 million units at the beginning of this year to 15.2 million units, and Europe's sales assumption from 13 million units to 12.5 million units. Regarding China's retail automotive market, Fitch predicted it to achieve low single-digit percentage growth in 2025. Because of China's minimal direct export exposure to the US automotive market, the agency also considered the direct impact of US tariffs on the Chinese automotive industry as limited. AAStocks Financial News |
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