Industry Trends Auto - 2023

Industry Trends Auto - 2023

Published on 29 November 2023
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Transcript
00:00
The auto industry is facing a slowdown in consumer demand
00:05
Despite a surge in production this year
00:08
weakened household incomes are negatively impacting the industry
00:13
Globally we anticipate a 10.6% growth for 2023
00:16
but here's the catch...
00:19
Waning demand will lead to a meagre 2% growth in 2024
00:24
The bright side?
00:27
EV and hybrid sales are booming, set to comprise around 60% of global light vehicle sales by 2030
00:32
Find out what else could impact the auto industry in 2024
00:36
Download our latest Automotive Industry Trends report
00:41
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