Category: Auto Industry
Italy Auto Industry
How with Italy auto industry fare in 2009?
Italy auto industry is all set to experience a tough 2009. This has already been indicated by projections of reductions in sales of new cars of auto industry in Italy in 2009. As per experts, there would be a decrease of 13.5 percent in car sales in Italy automobile industry. This rate is lesser than estimates for 2008.
South Korea Auto Industry
South Korea auto industry in 2009
As per reports of Bloomberg, Korea Automobile Manufacturers Association has forecast that in 2009 South Korea auto industry would face tough times as sales are likely to go down. According to their estimate this drop would be worst since 2004.
Korea Automobile Manufacturers Association has said that in 2009 sales of cars would go down by over 10 percent. It is estimated that in 2009 1.1 million cars would be sold in South Korea car market.
Auto Industry Trends
In keeping with auto industry trends, leading automobile manufacturers are turning to Asian markets that appear set to grow immensely over next decade. Auto markets in U.S., Europe and Japan have almost matured as a result of saturation and appear set to decline through next decade. In contrast, auto markets spread over entire Asian continent (with exception of Japan), are constantly increasing in size and will be destination for most of globally leading auto manufacturers.
