3 years, 1 month ago
What is the data on global auto sales for the past 3 years and projections for the next 2-3 years?
I'd like to find some historical and projected data, charts, and/or graphs for the global auto industry (e.g. units sold). If you have any data that breaks the data down on a more granular level (e.g. by manufacturer, by price point, by geography) that would also be what I am looking for. Thx!
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M$2 Answers
Auto sales globally have fallen rapidly in recent months, and the decline has been even sharper in the U.S., where the toxic combination of tight credit markets, volatile fuel prices and declining consumer confidence has depressed demand for new cars.
Last week, automakers reported 2008 sales fell to 13.2 million units, down from 16.1 million in 2007. Sales fell 36 percent in December alone.
In 2009 sales in the U.S. to hit a 27-year low of 11.5 million, then rebound to 13.6 million in 2010. The Northville, Mich., firm projected 2009 global sales would fall about 8 percent to 56.8 million units. However, CSM forecast 2010 sales would rise nearly 7 percent to 60.8 million units."For 2009, the global automotive market has fallen back to sales levels of 2004, but the industry has added more than 19 million units of production capacity since then, setting the stage for the devastating situation that (automakers) and suppliers are facing today," CSM wrote in a research report.
http://finance.yahoo.com/news/CSM-sees-global-auto-sales-apf-14030182.html
The global auto market is expected to recover early next year in line with the projected recovery in the global economy," Robinet was quoted as saying in a Korean-language statement released by the South Korean agency.
http://www.tradingmarkets.com/.site/news/Stock%20News/2214449/
IMG
http://i430.photobucket.com/albums/qq28/kevinbernard31/auto.jpg/IMG
www.scotiacapital.com/English/bns_econ/bns_auto.pdf
Last week, automakers reported 2008 sales fell to 13.2 million units, down from 16.1 million in 2007. Sales fell 36 percent in December alone.
In 2009 sales in the U.S. to hit a 27-year low of 11.5 million, then rebound to 13.6 million in 2010. The Northville, Mich., firm projected 2009 global sales would fall about 8 percent to 56.8 million units. However, CSM forecast 2010 sales would rise nearly 7 percent to 60.8 million units."For 2009, the global automotive market has fallen back to sales levels of 2004, but the industry has added more than 19 million units of production capacity since then, setting the stage for the devastating situation that (automakers) and suppliers are facing today," CSM wrote in a research report.
http://finance.yahoo.com/news/CSM-sees-global-auto-sales-apf-14030182.html
The global auto market is expected to recover early next year in line with the projected recovery in the global economy," Robinet was quoted as saying in a Korean-language statement released by the South Korean agency.
http://www.tradingmarkets.com/.site/news/Stock%20News/2214449/
IMG
www.scotiacapital.com/English/bns_econ/bns_auto.pdf
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M$
It's thought that in 2008, combined sales in the BRIC countries (Brazil, Russia, India, China) overtook sales in the US.
http://media.economist.com/images/20081115/CSR280.gif
Car ownership in these countries is starting from a low base so there is a lot more scope for growth, and a lot less scope for people who want a car to simply put off buying til better times.
http://media.economist.com/images/20081115/CSR250.gif
Growth in the emerging markets, along with hopes for low emission cars, are what the industry is pinning its hopes on for the future.
I'm not sure anyone is really making projections for the next 2-3 years as so much will depend on how the economy turns out, which is a big unknown.
This shows the extent of the downturn in sales in 2008:
http://media.economist.com/images/20090117/CBB707.gif
You can read more about the industry including prospects for different companies, countries and the whole sector in these articles:
http://www.economist.com/specialreports/displaystory.cfm?story_id=12544933
http://www.economist.com/displaystory.cfm?story_id=12926505
http://www.economist.com/displaystory.cfm?story_id=13057275
Car ownership in these countries is starting from a low base so there is a lot more scope for growth, and a lot less scope for people who want a car to simply put off buying til better times.
Growth in the emerging markets, along with hopes for low emission cars, are what the industry is pinning its hopes on for the future.
I'm not sure anyone is really making projections for the next 2-3 years as so much will depend on how the economy turns out, which is a big unknown.
This shows the extent of the downturn in sales in 2008:
You can read more about the industry including prospects for different companies, countries and the whole sector in these articles:
http://www.economist.com/specialreports/displaystory.cfm?story_id=12544933
http://www.economist.com/displaystory.cfm?story_id=12926505
http://www.economist.com/displaystory.cfm?story_id=13057275
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Thanks dhawk