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Automotive
Report

Automotive

World Industry Outlook; May 2013

EIU, 2013

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Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical

Recommendation

The prognosis for the automotive industry seems to change yearly. After eulogies at the height of the 2008 financial crisis, stories of booming sales in many markets now dominate headlines. Vehicle manufacturing remains a complex business with differing prospects in various nations. getAbstract recommends this nuanced report, which offers a region-by-region analysis of carmakers, commercial vehicle manufacturers and component industries.

Take-Aways

  • The global automotive industry will experience moderate growth of around 5% per year from 2013 to 2017.
  • The market in Western Europe is likely to revive in 2014, but growth will be “tepid” due to declining car ownership.
  • Sales of heavy trucks will remain modest over the period of 2013 to 2017 but will grow well in countries like Colombia, Romania and South Africa.

About the Author

The Economist Intelligence Unit is an independent research and analytics organization.