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In February and March 2013, the once-stuck U.S. auto industry made some big strides with sales growth and also enjoyed an increased demand for cars. European automakers still struggled with their sales, most likely because of the euro zone crisis. Meanwhile, industry analysts look toward China and India, expecting the auto industries there to grow exponentially over the next few years.
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Major Automakers Enjoy Strong US Monthly Sales in March
from CNBC
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the economic recovery, amid strong demand for pickup trucks and sport utility vehicles. |
U.S. Factories' February Orders Rise on Car, Plane Demand
from Bloomberg.com
Orders placed with U.S. factories increased in February, boosted by a pickup in demand for motor vehicles and commercial aircraft. |
March Sales Dash Recovery Hopes for European Carmakers
from Reuters
European car sales shrank again in March, threatening more losses for carmakers in the region after a dismal 2012. |
Drop in Auto Sales Spreads in Northern Europe
from INAUTONEWS
The steep drop in auto sales has begun to spread from southern Europe to the north, including Germany, the region's biggest auto market. |
What to Expect from the Automotive Industry in 2013
from the Dubai Chronicle
The global automotive industry is likely to report modest signs of improvement in 2013. Industry analysts expect car registrations to rise by 5.1% along the year. About 43% of the worldwide pie is projected to go to Asia. |
The Future of China's Luxury Auto Market
from Forbes
Within seven years, China will outstrip the United States to become the world’s leading market for premium cars. It already beat the U.S. for top auto market in general in 2009. |
China's Beijing Auto Expects to Double Car Sales by 2015
from Reuters
China's Beijing Automotive Group aims to more than double annual sales by 2015, gaining momentum from mid-market to high-end cars and greener "new energy" vehicles, chairman Xu Heyi said.
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India's Auto Industry Hit Hard by Lagging Economy
from Voice of America
In India, car sales are expected to fall for the first time in nearly a decade. India's slowing economy is hurting an auto industry that was once a top choice for global companies looking to expand.
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