Automotive Industry Growth In Europe at Marjorie Lachance blog

Automotive Industry Growth In Europe. With 5.4 million cars exported in 2017, the european automotive industry accounts for over 40 percent of global automotive value share,. The automotive industry has been a stronghold of the european economy for decades but is now facing disruption from electric. Global new car sales grew by almost 10% after remaining stable in 2022. Yet, what if demand doesn’t materialize? Last year, passenger car sales in the us reached 11.9 million units, an increase of 5.5% compared to 2020. In europe, car registrations went down by 1.6% to reach 14.3 million units in 2021. Eu new car sales surged by almost 14%, totalling 10.5 million units. Sales forecasts for the next decade mostly point in one direction: Demand in china in 2021 remained close to 2020 levels, with modest growth of 1.6%. The automotive sector provides direct and indirect jobs to 13.8 million europeans, representing 6.1% of total eu employment.

With 5.4 million cars exported in 2017, the european automotive industry accounts for over 40 percent of global automotive value share,. In europe, car registrations went down by 1.6% to reach 14.3 million units in 2021. The automotive sector provides direct and indirect jobs to 13.8 million europeans, representing 6.1% of total eu employment. Demand in china in 2021 remained close to 2020 levels, with modest growth of 1.6%. Global new car sales grew by almost 10% after remaining stable in 2022. Eu new car sales surged by almost 14%, totalling 10.5 million units. Sales forecasts for the next decade mostly point in one direction: The automotive industry has been a stronghold of the european economy for decades but is now facing disruption from electric. Yet, what if demand doesn’t materialize? Last year, passenger car sales in the us reached 11.9 million units, an increase of 5.5% compared to 2020.

Driving growth? The future of Europe’s car industry

Automotive Industry Growth In Europe Demand in china in 2021 remained close to 2020 levels, with modest growth of 1.6%. The automotive sector provides direct and indirect jobs to 13.8 million europeans, representing 6.1% of total eu employment. Sales forecasts for the next decade mostly point in one direction: The automotive industry has been a stronghold of the european economy for decades but is now facing disruption from electric. Yet, what if demand doesn’t materialize? With 5.4 million cars exported in 2017, the european automotive industry accounts for over 40 percent of global automotive value share,. In europe, car registrations went down by 1.6% to reach 14.3 million units in 2021. Last year, passenger car sales in the us reached 11.9 million units, an increase of 5.5% compared to 2020. Global new car sales grew by almost 10% after remaining stable in 2022. Eu new car sales surged by almost 14%, totalling 10.5 million units. Demand in china in 2021 remained close to 2020 levels, with modest growth of 1.6%.