2016 Auto Industry Trends

Posted on Posted in automotive industry

Global sales of passenger cars are forecast to hit 73.9 million vehicles in 2015. Emerging economies and widespread urbanization will not only affect global sales and the competitive intensity of the industry but also help to shape its digitization. Finally and personally, I consider one of, if not the most important, as a factor for the automotive industry in Mexico is their extensive network of Free Trade Agreements (FTAs), which provides this sector with access to 45 countries.automotive industry

Statistics show that majority of the people usually prefer reconditioned motorcars more than brand new cars due to lower price. Join today and you can easily save your favourite articles, join in the conversation and comment, plus select which news your want direct to your inbox.automotive industry

The automotive sector that uses various parts and components in Uganda comprises of both imported and locally assembled vehicles. Ken Lewenza, head of the Canadian Auto Workers Union, who was also present at the meeting said the industry expressed its unanimous opposition to the talks.

Automotive manufacturers today produce multiple vehicles, in multiple variations, at one location. This trend benefits the entire automotive aftermarket ranging from repairs and maintenance, accessories, and auto body jobs. Despite many attempts to develop a viable car, no independent Canadian automobile company survived; Canada lacked the population, financial capacity and technological wherewithal to sustain a domestic industry.automotive industry

Our events calendar highlights the latest SMMT events, SMMT supported events and lists any other industry event. The consumer group for first cars is aged below 30, favouring fashionable and dynamic style, so it is estimated that urban SUVs and medium-grade cars will be the major consumption.