The coronavirus and its ripple impact on shopper demand might ship international auto manufacturing down 16% in 2020, fueled partially by an anticipated 20% decline in U.S. gross sales, in line with RBC Capital Markets.

The brand new forecasts come as automaker shares decline greater than different industries amid the COVID-19 outbreak. Shares of publicly-traded U.S. automakers are down between about 30% and 40% this month, together with double-digit losses Monday.

Tesla stays the one U.S. automaker with its shares within the black for this yr. Nevertheless, it is main this month's declines in comparison with Normal Motors, Ford Motor and Fiat Chrysler. Tesla shares closed Monday down 18.6%, with the inventory falling 40.2% for the month. Shares stay up 6.4% for the yr.

Fiat Chrysler, which Monday stated it might shutter a majority of its European vegetation, is down 36.3% in March, together with a 21.6% decline on Monday to $7.86. Each Ford and GM are down greater than 30% this month. All three shares...