IDRV - Global Car Market To Hit The Speed Bumps In 2024
2024-02-23 07:05:00 ET
Summary
- We expect global car sales growth to moderate this year after a strong 2023, which was driven by pent-up demand.
- The three key regions, the US, China, and Europe, are all expected to maintain a mild positive trend.
- Meanwhile, we think the electrification process may slow although the upward trend should continue.
By Oleksiy Soroka, CFA & Rico Luman