The global light vehicle (LV, <3.5t) market has mirrored the global economy in performing more weakly than anticipated a year ago. Against a backdrop of slowing global economic growth, global LV demand is now expected to drop by over 4% to just under 89 million units, with global demand for >6t trucks expected to fall by 1.6% from its 2018 peak.
The 2020 edition of Automotive World’s annual forward-looking global vehicle market report examines the impact of a weakening global economy on passenger car, light commercial vehicle and heavy truck demand, and presents an outlook for the global automotive industry in 2020.Table of contents
- Executive summary
- Economic outlook
- Light vehicle demand
- Truck demand