FOR IMMEDIATE RELEASE
BRIC markets and North America driving growth, EU and Japan remain areas of concern
DETROIT, JAN. 11, 2013 ― PwC's automotive analyst group, Autofacts, today announced that it expects 2013 global light vehicle assembly will exceed 83 million units, an increase of 5.1 percent from 2012’s total. Autofacts expects the global market to remain positive overall, while the European Union and Japan will continue to be areas of concern.
Megatrends driving the global automotive industry:
"Automotive companies remain cautious about economic conditions in Europe," said Rick Hanna, global automotive leader, PwC. "However, overall we estimate that the global automotive industry will prosper in 2013 from emerging market growth and remaining pent-up demand in the U.S."
To receive specific regional forecast data, sign-up for a free monthly subscription to PwC’s Autofacts Analyst Notes at www.autofacts.com.
About PwC's Automotive Practice
PwC's global automotive practice leverages its extensive experience in the industry to help companies solve complex business challenges with efficiency and quality. One of PwC's global automotive practice's key competitive advantages is Autofacts®, a team of automotive industry specialists dedicated to ongoing analysis of sector trends. Autofacts provides our team of more than 4,700 automotive professionals and our clients with data and analysis to assess implications, make recommendations, and support decisions to compete in the global marketplace.
Autofacts, PwC's automotive forecasting service, is a provider of automotive market analysis, strategy development, and competitive intelligence to the world’s leading vehicle manufacturers, automotive suppliers, and support organizations. Autofacts service offerings are available on-demand, for one-time purchase and through an annual subscription basis to access the on-line portal with Autofacts' proprietary data query tool. For more information regarding Autofacts or to sign up for a free monthly subscription to Autofacts Analyst Notes, visit www.autofacts.com.
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