Around this time last year, experts were saying that the global auto market in 2020 will avoid the downward trend seen since 2017, and then look at what happened.
Therefore, any attempt to wait for the effects of the industry in 2021 is likely to locate a dubious audience, and whoever says that what happens later will be seen as brave or foolish.
That hasn’t stopped meteorologists from doing their best. Advance one of the successful highs, IHS Markit, despite existing lockdowns due to the pandemic in Western Europe and the United States, suggesting that the disease still has a way to go before it subsides.
Next year, the global automotive market will grow 9% to 83. 4 million, grow 5% in 2022 to 86. 9 million, followed by 4% forged in 2023 to 89. 7 million. In Western and Central Europe, sales will increase 11. 1% in 2021 to 15. 25 million, and then rise to 16. 58 million in 2023, says IHS Markit.
Fitch Solutions with this overall speed of development, with global sales also increasing 9. 0% to 83. 7 million in 2021 and believes that Europe will be the most productive country in 2021.
“Europe will be the region of action in 2021 with an expected expansion in vehicle sales of 10. 8%. This reflects the fact that Europe is coming back not only from an estimated 18% decline in 2020, but also from a weak year in 2019 with an expansion of just 0. 4%, ”Fitch Solutions said in a report.
“Much of this recovery can be attributed to the coordinated effort by EU member states to bring the regional recovery from the pandemic to life through measures such as the EU Stimulus Fund and the EU Green Deal. ‘EU. This is in contrast to North America, where we forecast the lowest point of expansion of just 5. 9% in 2021, ”Fitch Solutions said.
The LMC Automotive forecaster, the collapse in global car sales earlier in the year and the resulting harsh recovery bode well for the industry, especially from China, the world’s largest market. world, led the way. Likewise, cases of the coronavirus have recovered in favor of the car due to its personal and sealed nature and its immunity to contact with the general public.
“There is renewed enthusiasm for owning a car, at least as long as the virus remains a threat,” LMC Auto said in a report.
But ABI Research of Oyster Bay, New York, sounds like a warning.
“The first part of 2020 saw the implosion of the new vehicle market, contracting around 70%. COVID-19 and the measures taken to involve the spread of the virus have dealt a double blow to the already failing auto market, disrupting origin chains and depriving the industry of the brick and mortar retail environment in which it is heavily located, ” said ABI Research.
“Many (manufacturers) reported a return to expansion in the third quarter to offset the call for the first half, which manifested itself in a summer era in which many governments lifted restrictions and allowed the reopening of retail outlets. . Car dealers. However, as 2021 approaches, the auto industry deserves not to wait for a return to the new vehicle sales volumes of recent years. Market duration is expected to remain subdued through 2024 given the prospect of repeated lockdowns, long-term remote work and bleak macroeconomic outlook, ”said ABI Research.
As a former European reuters correspondent, I spent a few years writing about the industry. I’ll go into the hype and arrogance and discover
As a former European Automotive Correspondent for Reuters, I spent a few years writing about the industry. I’m going to penetrate the hype and corporate bragging and find out how those big corporations fare. I also like to drive their magnificent machines and their smaller ones. I’ll tell you if the generation works too.