The Future of Automotive Industry

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by CarBook,

The future of automotive is looking bright—but it’s also looking different.

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.

But while we’re seeing a decline in overall sales growth, that doesn’t mean that we’re not experiencing significant shifts in how people buy cars, what they buy them for, and how they use them once they own them.

The overall global car sales will continue to grow, but at a slower pace than before.