Automotive demand down only 17% (-132 koz) YoY despite a 24% fall in Q1 light global vehicle sales
Tightening global emissions standards, driving higher pgm loadings, partially counters lower auto sales/production
W. Europe diesel share decline slowed on increased diesel sales
Diesel vehicles still key for automakers to avoid or reduce heavy CO2 fines
German diesel car market share continued to recover (Q1’20 average 35%, up 1.3% over 2019 average)
A link to the full report is posted in the Subscriber's Area.
It’s easy to think that diesel is a dead fuel but sales still continue. The damage to consumer confidence may, however, be impossible to overcome. That is creating a new market for transportation alternatives.