These points are expected to limit retail sales, resulting in slight drops. However, low interest rates and export market expansion (global retail sales of MT equipment are expected to increase by 1.5% consistently with the year through 2024) will save you faster retirements.
COVID-19 pandemic is expected to increase the price of MV’s U.S. retail sales. By 23% since 2019 grades in 2020, and unit sales are expected to decline by 22%. Loss of disposable income, employment and customer confidence will lead to a contraction in retail sales. However, low interest rates will make vehicle financing more exciting for customers, while providing stimulus checks to many middle- and low-income U.S. citizens has given some customers the monetary ability to make the down payment of a new vehicle.