Thursday, April 18, 2024
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connected car

Connected car shipments to decline 15% in 2020 but sales to return in 2022

After years of consistent growth, the connected vehicle industry will face a 15% decline in shipments and flat revenues in 2020, according to analyst firm ABI Research.

Connected vehicle shipments to drop 15% due to Covid-19

The Covid-19 outbreak has caused global new vehicle sales to contract by 19% in the first quarter of 2020 due to supply chain disruption, factory shutdowns, and the automotive vertical’s high dependence on brick and mortar retail sales.
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