World organization of automobile manufacturers is concerned about the fall in world demand for cars
world organization of automobile manufacturers (OICA) expressed concern about the cooling of consumer activity in key markets, primarily in China.
prepared According to the General Assembly OICA analysis, China plans to sell in its market in the current year, about 25.8 million new vehicles, or 8% less than in 2018.
with regard to the sales forecast for the year 2020, according to the Chinese Association of automobile manufacturers (SAAM) has all the prerequisites to the preservation of negative trends, but the drop is considerably less.
Experts SAAM has defined the General economic environment of China's auto market as sluggish, and the reason was three macroeconomic aspects:
- the Slowdown in China's GDP
- Optimization and adjustment of economic structure
- Trade friction between China and the United States
Regular annual meeting of the world organization of motor vehicle manufacturers began Wednesday in Mumbai (India).
the Holding of the Assembly in Asia is no accident, since this part of the world today is a place of creating new trends for the global automotive industry.
This theme became the leitmotif of the first day of the meeting. Given the size of Asian markets and the concentration of this auto industry last decade, this region determines the weather for all the major manufacturers.