The 2024 is coming in less than two weeks, and the car purchase seems to pass flowering period for one more season.
According to her research S&P Global Mobility, 88.3 million cars expected to be sold in the new year, number increased against 2,8% in relation to 2023.
This –optimistic– forecast is based on the fact that production of the cars continues to have ascending course, as well as demand from Buy.
Nevertheless, they are also various challengessuch as the increase in prices and the accelerated rise of sales of EVs that significantly change consumer behavior.
The onslaught of EVs continues
The electrification of the range of more and more companies brings more and more BEV (Battery Electric Vehicles) on the streets in all major markets.
The research predicts that they will be sold in total 13.3 million EV worldwide, which will be an increase in its rank 16,2% in relation to 2023when they were sold 9.6 cm models.
Slight reduction in production in Europe
Despite the global increase in vehicle production and sales, in Europe it is predicted that they will be built 17.4 cm. cars, which will be down 1.8% in relation to 2023. Nevertheless, there will be a stock of vehicles that will refer to the volume of vehicles ready for delivery before the pandemic.
Slightly reduced will be the production and to China (28.3 million unitsdecrease by 0,1%), while in North America there will be an increase 0,5% (at USA 3.9%) in the generated models.
Finally, as far as they are concerned semiconductorsthe S&P Global Mobility does not predict issues supplyas the automotive industries they have created reserve for the whole 2024.
Source: S&P Global Mobility
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