Car Sales are Expected to Grow in the Coming Years!

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by CarBook, 

Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing.

Car sales are expected to grow at an average annual rate of 3.2 percent through 2030, reaching 100 million vehicles sold globally by then. The number of vehicles sold annually should increase from 87 million in 2020 to around 110 million by 2030.