Leaders throughout the automotive industry are reacting to the coronavirus pandemic as the number of cases in the U.S. grows to more than 4,400 people with 86 deaths.
Dealer groups, CEOs and manufacturers agree that COVID-19 will continue to disrupt business for several weeks or months.
- "I understand how uncertain these times feel. For many of us, it's our first experience of this type. But disruption and trying circumstances are not new to us. Especially in times like these, we demonstrate our flexibility, agility and resilience. This team always rises to the occasion, and just as we have in the past, we will chart our course." — General Motors CEO Mary Barra in a statement
- "This is a fluid and unprecedented situation, and the task force will move quickly to build on the wide-ranging preventive measures we have put in place. We are all coming together to help keep our work forces safe and healthy." — FCA, GM, Ford and the UAW in a combined statement
- "We'll have to see how long this crisis lasts. It stands to reason that sales would fall in some markets as people are putting basic needs first." — GM spokesman Jim Cain, according to Reuters
- "The impact of COVID-19 on the auto industry has gone well beyond the initial focal point of China, resulting in downward forecast revisions across most major markets. We are still in the early stages of understanding the full impact but expect it to get worse before it gets better." — Jonathon Poskitt, director of Global Sales Forecasts at LMC, according to CNBC"It's going to happen (a drop in sales). We're kind of still in this odd wait-and-see moment." — Beau Boeckmann, president of Galpin Ford in Los Angeles, as reported by Reuters
- "There are a number of resources to help franchised dealerships, their employees and their customers stay informed and prepared during coronavirus." — NADA, in a statement
- “By mid-March, the shortage of supplies will be felt and members are projecting they’ll experience disruption through May or June." — Stacey Miller said, senior director of communications at the Auto Care Association, according to NBC.
- “People are nervous. The unfortunate reality is, and I’m praying that I’m wrong, but, we’re going to be seeing a lot more of this … Things are changing so quickly … Every day you wake up and it’s worse.” — Unifor President Jerry Dias said to CNBC.
- "Whether you believe there is a public overreaction or that COVID-19 is actually a public health crisis ... there is no denying the expected negative impact it will have on the economy and auto industry," Jeff Schuster, LMC's president of global vehicle forecasts, said in a statement.