The global auto industry is in the midst of dramatic growth and change, the likes of which it hasn't experienced since the industry's inception. While annual vehicle sales in the world's mature auto markets have mostly plateaued, a new set of emerging markets—with larger and younger populations, rapidly growing economies, and low vehicle-ownership rates—have become the engine for growth. This report from October 2013 reveals the shift of power to emerging markets, the future of vehicle production and global growth.
- Number of pages: 11
- Number of charts/graphs: 8
"The liberalization of industrial and market regulatory policies, and the increasing ability for large and underserved populations to purchase vehicles are two key forces in the strong growth forecasts. "