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Global light vehicle market reaches a crossroads

Steady global demand for new light vehicles comes at a time of rapid, if not unprecedented, change for the automotive industry. By Vittoria Ferraris, Director, Sector Lead Automotive & Capital Goods, S&P Global Ratings

Global light vehicle demand is likely to remain stable in 2018 and 2019, despite the US showing some signs of softening, and the Chinese market growing by low single digits. European markets may reap the benefits of improving economic conditions, and after over-performing expectations in 2017 we see automotive sales continuing on a moderate growth trend. Visibility remains low in markets such as…

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