Led by the U.S. and China, global auto sales have been feverish in recent years, reaching all-time record numbers. But a new study warns that demand is going to soften — and soon.
Worldwide, sales will continue to increase, according to the annual automotive outlook produced by Detroit-based AlixPartners. But the rate of growth will slip to an annual 2.6% for the next seven
years, down from 3.1% between 2007 and 2014. The U.S. and China will likely see the sharpest slowdowns, the study warns.
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