Global automotive industry statisticsThe US automotive industry is fresh off of a record breaking sales year in 2016, with over 17.five million vehicles sold Globally, the auto sector is experiencing its largest development in creating and emerging economies. The Canadian automotive sector could be seeing modifications in the future. In 2013 a potential new trade agreement among Canada and the EU was announced. It is anticipated to have an impact on every sector of the Canadian economy such as the automotive sector and could outcome in an boost in the number of cars exported from Canada to the EU and less costly European produced cars for Canadians as tariffs on cars and parts are phased out more than seven years.

Worldwide sales of passenger cars are forecast to hit 78.six million vehicles in 2017. Along with China, the United States is counted amongst the largest automobile markets worldwide, both in terms of production and sales. About six.9 million passenger automobiles had been sold to U.S. consumers in 2016, and around four million vehicles were developed here in the exact same year. The United States became a essential automotive market place in the early 1900s, when Ford introduced assembly line car production to mass-manufacture its Model T. Nowadays, the Ford Motor Organization still ranks among the major manufacturers of passenger automobiles, its most well-liked passenger car model presently becoming the Ford Focus, which was also a single of 2016’s best selling light automobiles worldwide. In terms of income, Toyota, Volkswagen, and … READ MORE >>>