2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
According to a current study by the CAR Institute, the global car market will cloud over in the face of global crises. After a growth of five percent in the first half of the year, it should amount to just one percent in the second half of the year.
In view of several global economic risks, the global car market threatens to deteriorate in the second half of 2014, according to a study. As the CAR Institute of the University of Duisburg-Essen writes in a market forecast published on Monday, growth in worldwide sales could increase from five percent (36.6 million cars) in the first to one percent (36.8 million cars) in the second Weaken half-year.
The reasons for this are the Ukraine conflict, the economic weaknesses of some European countries such as Italy and France, difficult constellations in South American countries and the cooling of the economic climate in Japan.
73 million cars in the full year
The study assumes a good 73 million cars sold worldwide and an increase of 3.1 percent for the year as a whole - more than 18 million of them in China (plus 12 percent). It is followed by the USA with a good 16 million (plus 4 percent). According to the forecast, thanks to a recovery, with 3 million cars sold in 2014 and growth of 2 percent, the German market is in 5th place, behind Japan and Brazil. For Russia, the study predicts a slump of a quarter due to the economic sanctions in the second half of the year, but this only marginally affects the world market due to the relatively small Russian share.
The world auto market is becoming more and more dependent on China, they say. At the end of 2014, around every fourth car worldwide will be sold in China. However, the risks also increase. Only recently did China force manufacturers to cut prices for spare parts. "The margins of carmakers in China will fall as a result of protectionism," writes the institute's director, Ferdinand Dudenhöffer. (dpa)
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