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China will be the key global automotive market

Tuesday, March 1, 2016

Significance

The passenger car market will expand by 2.7% in 2016, according to private sector estimates, with growth evenly spread between the BRICS, Europe and the United States. The industry will focus on three transformations: the push into emerging markets (EMs), exploiting the potential of data and connectivity and managing the regulatory drive towards cleaner fuels.

Impacts

  • Diesel will remain a viable fuel in European markets.
  • However, tougher testing and lower filtering margins will strengthen the case for further hybridisation of new models.
  • The limited response from European regulators risks diminishing the incentives for domestic manufacturers to make changes early.
  • Volume manufacturers are squeezed between low-cost manufacturers and the premium brands when it comes to connectivity.
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