Global Auto Demand Shrinks For The First Time Since The Financial Crisis

Last year the global auto industry shrank for the first time since the global crisis.

Many blame US trade policy for much of the sector’s misfortune.  The US is the only big market where car sales have remained relatively resilient while China has led and fueled the global decline with policy changes that affect car ownership and a tightening in local credit.  In addition, Europe’s new emission tests have added to the weakness.

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