Automotive Industry

The automotive industry is to design, develop, produce, market, and sell motor vehicle world. In 2007, more than 73 million motor vehicles, including cars and commercial vehicles produced throughout the world. 

Automotive manufacture

In 2007, some 71.9 million new cars are sold to worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million to the United States and Canada, 4.4 million in Latin America, 2.4 in the Middle East and 1.4 million in Africa.  Market in North America and Nihon become stagnant, while in South America and Asia are growing rapidly. Of major marketers, Russia, Brazil, India and the People's Republic of China showed rapid growth. 

About 250 million vehicles in the United States. Around the world, there are about 806 million cars and light trucks on the road in 2007, all of which spent more than 260 billion gallons of fuel each year. The numbers add up quickly, particularly in the People's Republic of China and India. 

In 2008, due to rising oil prices, industries such as automotive experience pricing pressures from raw material costs and changing consumer buying behavior. The automotive industry also faces competition outside of the public transport sector, as consumers re-evaluate their private vehicle usage.

At the end of 2008, as a result of the global economic crisis, the automotive industry around the world weakened as a result of heightened fuel prices.