2016 Auto Industry Trends
China’s BYD has huge industry share and the backing of Warren Buffett, but a current drop in government subsidies is hurting sales of its electric cars. A car or truck can sell mainly because ‘it appears like an SUV’, or mainly because ‘it is a City’ or for the reason that ‘it is a sedan’. In 2012, China’s total new car or truck sales totalled 19.three million units when India’s sales totalled 2.63 million units even even though its sales suffered of late due to higher fuel costs and high interest rates.
In Argentina, inflationary stress, currency devaluation and falling investment did not hit the light car market place quite as really hard as in the neighboring country of Brazil. Ford was the most hit among this list with sales of 6.29 million automobiles in 2016.
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