ILMA Compoundings September 2017 - 18
THE FUTURE OF PASSENGER CARS
assenger car sales results for 2016
are in, and despite tightening
emissions mandates driving
original equipment manufacturers
(OEMs) to introduce greener vehicles,
the figures show that consumers still
prefer conventional technologies. Here
is a closer look at the report's findings
and at the buying trends in some of
the world's largest markets.
In 2016, sales of passenger cars hit
an all-time high. By the year's end,
global sales were estimated at around
69.5 million units - an increase of
more than 4.7 percent over 2015.
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Despite the increase, there were
huge regional sales variations. While
some regions saw significant gains,
others remained flat or even fell.
In the world's three most influential
regions - China, Europe and North
America - the trends and drivers are
very different, as are the types of vehicles purchased. These decisions can be
affected by a variety of factors, including fuel price, availability, cost, government mandates and/or incentives and
even prestige and driving fun.
As recently as 2012, European sales
figures for passenger cars exceeded their