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WORLD | Q3 PASSENGER CAR SALES |   AID DATA    
Global car sales dynamo slowing 
Published: Fri, 27th October 2017 17:44:08 GMT  
 

World car sales analysis Q3 2017 AID Newsletter

The global car marketís seemingly inexorable march to higher and yet higher annual sales, which stumbled only briefly during this past financial crisis, remains on course for yet another year of growth. However, if AIDís latest pulse-sensing at the nine months stage is any guide, this yearís global car sales growth will be little more than half of last yearís level

First and foremost, the breathtaking car sales growth seen in recent years in China, the auto-industryís main growth locomotive in the past dozen years, has slowed a great deal. 

This couldnít fail but pull on the brakes of global car sales growth. 

Adding the inevitable negative impact of this yearís slight drop in US Light-Vehicle sales, seasoned market observers are hardly surprised that this yearís global car sales growth at the nine month stage has slowed down to just 2.8 per cent compared with last yearís faster rate of 5.6 per cent during this same nine months spell. 

AID compiled figures reveal that nine months global car sales, including Light-Vehicles rather than just passenger cars for major market such as the US, have edged up just 2.8 per cent. 

Compared with last yearís sales expansion during the same nine months spell, thatís effectively a halving in the marketís underlying car sales expansion during these past twelve months alone.

A closer examination of the reasons why this yearís car sales activity has slowed notably suggests this may be about to turn into a permanent rather than a temporary shift.
 


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MORE GLOBAL MARKET ARTICLES LIKE THIS:

| Turkeyís car market standing up to fallout from last yearís failed coup shock   31 Aug 2017


| Brazilís limp car sales balloon ready to rise?   14 Jun 2017


| Renault, with India-built KWID Crossover, set the cat among the pigeons  15 Mar 2016

 

 

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