The sale of the automobile might go high globally in 2018. The upcoming markets and Russian increased participation have the greatest influence. The first sign of industry disruptions came in 2017. The change to electrification, automated and new mobility ideas will influence 2018 sales.
China’s strong growth is projected to go down while Japan's will increase. Much interest will be in U.S, Canada, and Mexico on NAFTA. In case of any problem, there will be an effect on the global auto market. The global vehicle sales might go up by 3.6% in 2018. This will be an increase from an estimated rise of 3.3% in 2017. This is according to BMI Research. 2017 recorded the largest number of cars ever to be sold setting up a record. According to data from Macquarie Bank, 88.1 million cars and light vehicles sold out in 2016. That was an increase by 4.8% from 2015.
Emerging markets will be the main determinant in the sales of vehicles in 2018. Sales in many major developed states will go down or even stop according to BMI Research. Europe’s sales will reduce. The US might see sales improving in 2018. Europe recorded sales of around 17 million while the US was below 17.6 million in 2017. The Center for Automotive Research (CAR) at the University of Duisburg-Essen in Germany expects global car sales growth of 2.2% in 2018.
The German premium manufacturers are on the rise more than the global market. Audi, BMW, Porsche and Mercedes sales will go up by 4.5% in 2018. But passenger car market will go up with a smaller margin of 2.2%. The increasing population is a factor that will influence the growth of sales. Economic stabilization and improvement in living standards are also main determinants.
