As you should have observed by now, the automotive industry has been hit hard by the coronavirus pandemic due to a huge drop in demand and production halt, which translates of course to a substantial decrease in sales. It is projected that by the end of the year, sales will drop by as much as 30 percent compared to the 17 million cars sold in 2019.
In a letter obtained by Automotive News, lawmakers, most notably those who represent auto states such as Michigan and Ohio, are obtaining support from the rest of the Congress to include aid for the auto industry in the legislative proposals in relation to the coronavirus pandemic.
According to the Automotive News report, several industry and government officials are looking into federal programs to provide incentives to customers to encourage them to visit showrooms after the pandemic.
However, ‘Cash for Clunkers’ isn’t part of those measures – or at least they won’t be something like the old $2.85…