Despite the fact that real GDP growth in the EU has slowed down from 1.96% in 2018 to 1.11% in 2019, PwC Autofacts’s global lead analyst Christoph Stürmer does not believe the automotive market is in trouble…
Despite the fact that real GDP growth in the EU has slowed down from 1.96% in 2018 to 1.11% in 2019, PwC Autofacts’s global lead analyst Christoph Stürmer does not believe the automotive market is in trouble, because the broader trend is one of growth. Speaking at the ECG conference in Berlin, Germany last week, he said: “We’re not on any kind of low point. Despite the crazy peak of low vehicle registrations this time last year, global automotive markets have increased more than 50% since 2009.”
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