Indian Automobile Business, Sector, Trends, Statistics Automotive Industry Outlook 2019
Automotive industry outlook 2019 malaysiaACEA often releases updated Economic and Market Reports on the automotive industry, with the most current figures on the economy as properly as registrations, production and trade of passenger automobiles and commercial cars. This briefing will take a appear at 2019 sales and production forecasts and get insights from top sector specialists on how the outlook could modify this year. The optimism for the business was also echoed by CAMPI Vice President Dante Santos, saying that the declines in automobile sales won’t be forever”. Get access to in-depth, authoritative coverage of the auto industry from a international group of reporters and editors covering the news that’s essential to your organization.
MANILA – The Chamber of Automotive Producers of the Philippines, Inc. (CAMPI) expects the local motor vehicle industry to recover in 2019 right after the implementation of tax reforms at the begin of this year, which reportedly triggered a slump in automobile sales. In an interview, CAMPI president Rommel Gutierrez stated that a 10-% development in volume of sales is possible for the whole automotive vehicle industry in 2019.
Driven largely by higher crude oil costs, the sector has seen a boom in production in the U.S. tight oil sector (oil embedded in low-permeable shale, sandstone and carbonate rock formations). Xin Guobin, vice-minister of industry and info technology, mentioned despite the fact that the automotive industry saw declines in production and sales in 2018, no erratic fluctuations or major ups and downs would emerge this year.… READ MORE ...