Global motor-vehicles production continues to flactuate: dramatic decrease of growth rate in 2011 changed to slight upturn in 2012, which is yet significantly lower than it was in 2010. Western Europe keep on loosing its share in world automobiles production as car-producers tend to close their European plants becaure of overcapacity in Europe. Meanwhile Asia, preceded by China, gradually expands its gain, as well as North America, where vehicles production almost doubled during last 4 years. In 2012 commercial vehicles production growth rate, driven mostly by North America, increased a little bit lower than passenger cars production. However analysts expect commercial vehicles production to bounce back in 2013. Moreover, according to forecasts, global motor-vehicles production is expected to be less volatile in coming years but also more moderate given oil prices to rise in the future.
Sources: Car Production Statistics,1999-2013, WORLD MOTOR VEHICLE PRODUCTION: WORLD RANKING OF MANUFACTURERS 2006-2012
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Decline in demand during world economic crisis of 2008-2009 has caused troubles for many car producers especially in the United States, Europe and Japan. Nevertheless, global long term prospects for automotive industry remain promising. Cars sales in emerging countries are well below the level of saturation. In India and China, where lives almost 40% of world population, there are only 12 and 34 passenger cars per 1000 population, respectively.
TomTom Congestion Index (C) compares travel times during non-congested periods (free flow) with travel times in peak hours. The difference is expressed as a percentage increase in travel time. Local roads, arterials and highways are taken into account. All data is based on actual GPS based measurements and for each city the sample size is expressed in total number of measured miles for the period. Source: TomTom European Congestion Index, April 2013