Automotive Industry Outlook
Global motor-vehicles production continues to fluctuate: dramatic decrease of growth rate in 2011 changed to slight upturn in 2012, which is yet significantly lower than it was in 2010.
Western Europe keep on loosing its share in world automobiles production as car-producers tend to close their European plants because of overcapacity in Europe. Meanwhile Asia, preceded by China, gradually expands its gain, as well as North America, where vehicles production almost doubled during last 4 years.
In 2012 commercial vehicles production growth rate, driven mostly by North America, increased not as much as passenger cars production. However analysts expect commercial vehicles production to bounce back in 2013. Moreover, according to forecasts, global motor-vehicles production is expected to be less volatile in coming years but also more moderate giving oil prices to rise in the future.