Overall Global Car Sales will Continue to Grow!!


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.

The industry is also facing significant changes due to factors such as changing customer preferences, technological advancements, and shifts in consumer behavior. The advent of electric vehicles (EVs) and autonomous vehicles (AVs) is expected to contribute significantly to these disruptions in the industry.