Automobile Industry Market Research

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Automobiles & Trucks OVERVIEW


       The automobile industry surged ahead worldwide in recent years, with particularly sharp growth in the U.S.
    and China.
     Analysts at IHS Automotive forecast the global market at 98.2 million units for 2019.
     Car sales within North American markets have been running at very high rates.
     Total U.S.
    car and light truck sales for 2019 are projected by National Automobile Dealers Association (NADA) at 16.8 million units.
     U.S.
    car and light truck sales totaled 17.22 million units for 2018, according to NADA.
       The biggest upward trend in auto sales has been in China.
     While estimates of its annual unit sales vary widely, China has clearly become the world's largest car market with about 23.5 million units sold in 2018.
     However, China's sales are subject to change due to such factors as economic growth, the availability of credit and the regulatory environment.
     China's government has a great deal of control over the market, as, at any time, it may increase sales by encouraging new auto loans, or decrease sales by adding new registration fees or restricting traffic in major cities in order to reduce congestion and pollution.
     One of the biggest winners by far in today's highly competitive automobile market has been Korea, where Hyundai, along with its brand Kia, have enjoyed soaring global sales.
     Consumers are attracted to their reasonable prices, excellent warranties and world class quality.
    

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Industry Statistics

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Industry Trends Analyzed Include: