Car sales to rocket globally

25 September 2003: A new report forecasts that more than 1.5 billion vehicles will be sold in the next 17 years, with global annual vehicle sales running at 100 million by 2020.

This means that a company with a 10% worldwide market share and sales of 5.8 million vehicles in 2000 will need to produce 10 million vehicles to maintain that market share in 2020.

The extra manufacturing capacity necessary to do this on a global basis is the equivalent of 170 plants capable of turning out 300,000 units a year.

The issue is covered in "Managing the Future - World Vehicle Forecasts and Strategies To 2020" from Autelligence.

The irony of the report is that many major carmakers are currently suffering from manufacturing overcapacity.

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