To underscore the extent of concern inside the trade, Adam Jonas, an analyst with Morgan Stanley Analysis who estimated that gross sales may fall by 1,000,000 autos this 12 months, mentioned lawmakers ought to contemplate reprising the recession-era Money for Clunkers program as a "highly effective device" to stimulate gross sales.

"Given the behavioral and financial implications introduced on by social distancing, we're getting ready for doubtlessly important swings in U.S. SAAR," he mentioned, whereas noting "there could also be a lot of different alternate options lawmakers may use to assist revive vital industries corresponding to autos if mandatory."

Final week's resolution to postpone the New York auto present from April to August was among the many first main disruptions to the North American auto trade associated to the virus. It already had pressured the cancellation of this month's Geneva Worldwide Motor Present and subsequent month's Beijing present.

John LaSorsa, who chairs the auto present committee for the Better New York Car Sellers...