Business Analysis, Market Size and Industry Video

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 95.9 million units for 2018.
    Car sales within North American markets have been running at very high rates.
     Total U.S.
    car and light truck sales for 2018 are projected by Plunkett Research at 16.7 to 17.1 million units.
     U.S.
    car and light truck sales totaled 17.14 million units for 2017, according to National Automobile Dealers Association.
     This was a slight decrease from 17.44 million units sold in 2016.
    Mexico's sales were expected to stay static in 2018, at 1.53 million units, while Canadian sales were expected to drop slightly to 2.00 million, according to analysts at Scotia Bank.
    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 24.2 million units sold in 2017.
     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

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