The global auto industry in 2015 – half-term reflections

Randall J. Miller, EY Global Automotive and Transportation Sector Leader, takes a look at the automotive industry’s performance in key global markets

This article was first published in Automotive World's exclusive special publication, 'The auto industry in 2015: half-term report'

The global automotive industry is expected to report moderate growth in 2015, indicating the sixth consecutive year of rise since the recession in 2009. Growth in the US and China (albeit, at a reduced pace), and turnaround in most European markets, is likely to be dampened by declining sales in Russia and Japan, as well as some emerging markets such as Brazil and Indonesia, due to geo-political issues and a weak macroeconomic scenario. However, the long-term prospects of the industry remain intact.