The Impact of COVID-19 on Global Auto Wholesale Transactions

New vehicle registrations of passenger cars and light trucks fell substantially in March as a result of the disruptions caused by the coronavirus disease (COVID-19). The fall in registrations and the expectation that many car dealerships will be closed in the short term will likely prolong this effect and have a direct impact on the performance of DBRS Morningstar-rated auto wholesale transactions backed by these vehicles in Europe, Canada, and the U.S. Read more in the commentary below.