Global automotive market report 20182019 International Automotive Consumer Study has been added to your bookmarks. In spite of the emissions scandal and cartel allegations seeing diesel market place share drop from 46.9 % in H1 2016 to 41.three % in H1 2017, new vehicle sales totaled two.4 million in the first six months of the year, up +two.1 percent year-on-year. Sales are forecast to grow +two.two percent in 2017 and +1.7 % in 2018. The flexibility of German companies, which remain amongst the most profitable in the planet, to switch to diesel options will determine medium-term growth, specifically for European sales. As a worldwide leader in engine patents and R&D spending – in 2015, the German automotive market invested $37. billion compared to Japan’s $29.four billion – electromobility and hybrid driving systems have been a major concentrate of this shift. Electric vehicle sales, boosted by the diesel scandal, surged by … READ MORE ...