Global automotive industry is expected to record sales in 2011

PricewaterhouseCoopers forecasts that in 2011 the volume of car production worldwide could grow by 6%, resulting in global auto industry will reach a record 75.3 million vehicles. In many respects it will be linked to the continuing growth in demand for new cars in India and China.
At the same time, some impact will a gradual recovery in the U.S. market. Another positive trend is a worldwide increase in demand for premium brands. However, it should be noted that in the European Union market recovery has been slow, which is undoubtedly due to the cessation of government recycling programs to stimulate markets. There is considerable likelihood that the top of the year, emerging markets will outperform developed nations in terms of production cars. In other words, the engine of growth of production in emerging markets will be the Asia-Pacific region, where the foundations of growth will be laid in the first place the Chinese market, where sales results exceeded all possible expectations.
At the same time opportunities in developed markets will remain limited. In addition, a role played by Russia and Thailand. Thus, Russia’s contribution to world output growth in the period from 2010 to 2017-th-th years can amount to about 7%.

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