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 … READ MORE >>>