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Major markets
Live Data Updated - 02-Mar-2012 Buy Now
As of 2006 Wholesale David Luiz Jersey , major markets for the automobile industry include the UK, the US, Europe (excluding the UK), Japan, China and India. These markets together accounted for 81% of global automobile sales (passenger cars and commercial vehicles) in 2005. The US is the largest market, accounting for 29% of global sales, closely followed by Europe (excluding the UK), which accounts for 24% (Figure 7.0) .
In 2008, the total global automobile sales stood at 65 Million units with the US leading the global automobile sales. However in 2009, China became the world’s No.1 automobile market Wholesale Danny Drinkwater Jersey , leaving US behind which till then used to be the largest automobile market. China’s sales of passenger cars, buses and trucks rose to 13.6 million in 2009, whereas at the same time the US automobile sales decreased by 21% to 10.4 million.
Since the global financial crisis of 2008, the traditional automobile markets like US, Western European countries and Japan were experiencing falling automobile sales. In the US, in 2008 the car sales stood at 13.2 million units, which was 18% below the 2007 level and the Big Three (General Motors, Ford and Chrysler) were nearing bankruptcy. In the last quarter of 2008, the European auto markets collapsed and the automobile sales in Japan were the lowest since 1974.
In 2009, as a result of economic downturn there were bigger drops in the US and the global auto sales. In US Wholesale Charly Musonda Jersey , people are putting off vehicle purchases due to tighter credit conditions, declining vehicle utility and general economic stress. Market analysis firm J.D. Power, predicted that the European automobile sales will decline by 3.1% to 21.3 million units in 2009. Developing auto markets in the Brazil, Russia, India, and China (BRIC) economies were expected to be affected less severely and were looked upon as the auto industry’s hope in the light of falling auto sales elsewhere. The global economy was expected to recover by 2010, which would bring a recovery in the global automobile market.
Economic growth & automobile sales
Live Data Updated - 02-Mar-2012 Buy Now
There are numerous factors that drive growth in the automobile industry and the affect of these drivers can vary according to the maturity of the market. There is a strong correlation between GDP growth and automobile sales growth. For instance, with high GDP over the last five years in India and China, not only has automobile sales growth been high, but it has far exceeded GDP growth. In the more saturated markets of the US Wholesale Cesc Fabregas Jersey , Europe, Japan and the UK, growth in sales has been lower than the comparatively smaller GDP growth rates (this has only been the case since 2003 in the UK). There can be little doubt that high GDP growth forecasts for India and China and the resultant increasing disposable income over the next five years will significantly alter their percentage share of the global market for automobile sales.
A strong economy is the key to the growth of automobile sector. In the late 2008, as a result of global financial crisis, most of the countries across the world experienced a fall in their economic growth rates, which was one of the chief factors contributing towards fall in global automobile sales. In 2009, the US experienced a negative GDP growth and in the same year its automobile sales fell to 27-year low of 10.4 million units. Even European automobile markets also experienced a drop in automobile sales in 2009, as the European economies were engulfed with lower GDP growth.
In India and China, following the 2008 financial crisis, there was a sudden slowdown in the automobile sales which threatened to shrink the global auto market. As the global auto markets facing tough times had come to rely on India and China to pick up the slack in the Western countries. China’s low GDP growth in late 2008 considerably slowed its explosive automobile market.
With the way that the economic changes are making the business industry a more financially-challenging area Wholesale Cesar Azpilicueta Jersey , people are driven to utilize the best financial solutions that they can find to see their business plans materialize. Now, varying finance solutions have been made available since there are a lot of unique needs given that there are many businesses with diverse inclinations. One option that has been considerably popular during the past few years is equipment leasing.
In Australia, several finance companies, with <"http:www.quikfundbrisbane.au">QuickFund Sydney as an example, have appointed the finance option as one of their primary offers. Evidently, this has been met with such great response given how many business owners have taken advantage of the concept today. As a matter of fact, experts have identified several reasons why equipment leasing has turned out one of the choicest options for businessp style="text-align: justify;">First is its economic and financial attributes. This can easily be the first thing that a business owner gets in their mind when in consideration of equipment leasing. It comes with good reason as the monthly payments in the terms of this finance option are generally lower compared to the payments made in traditional loans. The residual value in leases is probably what this derives from. There is a considerable advantage in the tax benefits that can be acquired during lease payment transactions. Getting value from tax benefits can lower the lease payments, though this can also be used for the benefit of the lessor as well. Aside from tax benefits, taking on longer lease terms also allow an individual to lower the lease payments. Since there are more payment ti. Cheap Jerseys Cheap Jerseys Cheap Jerseys Cheap Jerseys Cheap Jerseys Wholesale Wholesale NFL Jerseys Wholesale NFL Jerseys Wholesale Baseball Jerseys Cheap Authentic NFL Jerseys Wholesale NFL Jerseys
Live Data Updated - 02-Mar-2012 Buy Now
As of 2006 Wholesale David Luiz Jersey , major markets for the automobile industry include the UK, the US, Europe (excluding the UK), Japan, China and India. These markets together accounted for 81% of global automobile sales (passenger cars and commercial vehicles) in 2005. The US is the largest market, accounting for 29% of global sales, closely followed by Europe (excluding the UK), which accounts for 24% (Figure 7.0) .
In 2008, the total global automobile sales stood at 65 Million units with the US leading the global automobile sales. However in 2009, China became the world’s No.1 automobile market Wholesale Danny Drinkwater Jersey , leaving US behind which till then used to be the largest automobile market. China’s sales of passenger cars, buses and trucks rose to 13.6 million in 2009, whereas at the same time the US automobile sales decreased by 21% to 10.4 million.
Since the global financial crisis of 2008, the traditional automobile markets like US, Western European countries and Japan were experiencing falling automobile sales. In the US, in 2008 the car sales stood at 13.2 million units, which was 18% below the 2007 level and the Big Three (General Motors, Ford and Chrysler) were nearing bankruptcy. In the last quarter of 2008, the European auto markets collapsed and the automobile sales in Japan were the lowest since 1974.
In 2009, as a result of economic downturn there were bigger drops in the US and the global auto sales. In US Wholesale Charly Musonda Jersey , people are putting off vehicle purchases due to tighter credit conditions, declining vehicle utility and general economic stress. Market analysis firm J.D. Power, predicted that the European automobile sales will decline by 3.1% to 21.3 million units in 2009. Developing auto markets in the Brazil, Russia, India, and China (BRIC) economies were expected to be affected less severely and were looked upon as the auto industry’s hope in the light of falling auto sales elsewhere. The global economy was expected to recover by 2010, which would bring a recovery in the global automobile market.
Economic growth & automobile sales
Live Data Updated - 02-Mar-2012 Buy Now
There are numerous factors that drive growth in the automobile industry and the affect of these drivers can vary according to the maturity of the market. There is a strong correlation between GDP growth and automobile sales growth. For instance, with high GDP over the last five years in India and China, not only has automobile sales growth been high, but it has far exceeded GDP growth. In the more saturated markets of the US Wholesale Cesc Fabregas Jersey , Europe, Japan and the UK, growth in sales has been lower than the comparatively smaller GDP growth rates (this has only been the case since 2003 in the UK). There can be little doubt that high GDP growth forecasts for India and China and the resultant increasing disposable income over the next five years will significantly alter their percentage share of the global market for automobile sales.
A strong economy is the key to the growth of automobile sector. In the late 2008, as a result of global financial crisis, most of the countries across the world experienced a fall in their economic growth rates, which was one of the chief factors contributing towards fall in global automobile sales. In 2009, the US experienced a negative GDP growth and in the same year its automobile sales fell to 27-year low of 10.4 million units. Even European automobile markets also experienced a drop in automobile sales in 2009, as the European economies were engulfed with lower GDP growth.
In India and China, following the 2008 financial crisis, there was a sudden slowdown in the automobile sales which threatened to shrink the global auto market. As the global auto markets facing tough times had come to rely on India and China to pick up the slack in the Western countries. China’s low GDP growth in late 2008 considerably slowed its explosive automobile market.
With the way that the economic changes are making the business industry a more financially-challenging area Wholesale Cesar Azpilicueta Jersey , people are driven to utilize the best financial solutions that they can find to see their business plans materialize. Now, varying finance solutions have been made available since there are a lot of unique needs given that there are many businesses with diverse inclinations. One option that has been considerably popular during the past few years is equipment leasing.
In Australia, several finance companies, with <"http:www.quikfundbrisbane.au">QuickFund Sydney as an example, have appointed the finance option as one of their primary offers. Evidently, this has been met with such great response given how many business owners have taken advantage of the concept today. As a matter of fact, experts have identified several reasons why equipment leasing has turned out one of the choicest options for businessp style="text-align: justify;">First is its economic and financial attributes. This can easily be the first thing that a business owner gets in their mind when in consideration of equipment leasing. It comes with good reason as the monthly payments in the terms of this finance option are generally lower compared to the payments made in traditional loans. The residual value in leases is probably what this derives from. There is a considerable advantage in the tax benefits that can be acquired during lease payment transactions. Getting value from tax benefits can lower the lease payments, though this can also be used for the benefit of the lessor as well. Aside from tax benefits, taking on longer lease terms also allow an individual to lower the lease payments. Since there are more payment ti. Cheap Jerseys Cheap Jerseys Cheap Jerseys Cheap Jerseys Cheap Jerseys Wholesale Wholesale NFL Jerseys Wholesale NFL Jerseys Wholesale Baseball Jerseys Cheap Authentic NFL Jerseys Wholesale NFL Jerseys
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