2023 Author: Eric Donovan | [email protected]. Last modified: 2023-05-21 15:44
Based on this expertise, it looks like the auto industry will have to prepare for a long winter. But not everywhere in the world either.
According to an analysis, around five million fewer cars will roll off the assembly line in the USA and Western Europe by 2011 than planned. According to a study presented by the auditing and consulting firm PricewaterhouseCoopers (PwC) in Frankfurt, high gasoline prices, the financial crisis and concerns about a recession have already resulted in significantly lower car sales.
According to the study, only 13.7 million cars will roll off the assembly line in 2011 in the 15 states that were part of the EU before the last major enlargement. In 2007 there were 14.1 million. According to PwC, the USA will then produce only 9.9 million cars (2007: 10.5 million). According to the analysis, the sales volume in the examined EU area increased by 0.3 percent per year between 2007 and 2011, but this includes imported vehicles. In the USA, sales volumes are even expected to decline by 1.1 percent.
Emerging countries not affected
The emerging economies of Brazil, Russia, India and China are not affected by the development. According to PwC, car production there is likely to increase significantly - from around 13 million cars in 2007 to around 20.9 million vehicles four years later. (dpa)