Sales dropped, almost 55% YoY to 218,285 vehicles, compared with a 29% YoY decline in April. After zero sales in April, preliminary cargo data for May suggests only 37,000 units had been sent to dealerships, an 85% decline YoY, because the nation started to open up steadily during the month.
Other automakers around the world are also publicly releasing opening dates, signaling to their suppliers when to ramp up for restart of production. This week, while many production facilities globally have announced extending shutdowns further into May, some automakers have additionally begun the process of re-starting manufacturing, albeit with caution.
In our standard sense, an automotive engine converts the chemical energy in gasoline into mechanical vitality of transferring a vehicle down the road. In a course of often recognized as combustion, the atoms of the gasoline molecule are combined with atoms of the air molecule, and the result …