Last year’s global passenger car sales, following the brief interlude of plummeting sales during the aftermath of the recently endured global financial crisis, have resumed their inexorable rise into higher orbit for these past half-dozen years.
But when judged from a mere 1.7 per cent rise in last year’s global car production to a peak 78.6 million units, a fair chunk of last year’s sales appear to have come from stock rather than higher production.
That was the message from Germany’s authoritative autoindustry federation (VDA) which pours cold water
on the fanciful idea that the vast majority of global car production plants were again working at or at least
near installed capacity levels.
Instead, these VDA compiled car production numbers give rise to the more sobering view that the world’s car production engines
have clearly started to fire up again, but that’s not to say that carmakers have fully recovered from the
recently endured sharp shock and have bounced back to business as usual...more
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