Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Business, Financials
August 29, 2013

Growth projected for world auto market

FRANKFURT, Hesse (AFP) — The global auto market will continue to expand in the coming years, driven particularly by China where sales will nearly double by 2019, consultants PwC said in a study yesterday.

“While sales of automobiles and light trucks are set to nearly double in China between 2012 and 2019, the car markets in Europe and the United States will expand, but the number of registrations will meet the levels seen in the past only with difficulty,” PwC wrote in a new study.

According to PwC’s experts, auto sales will reach 27.7 million units in China in 2019, compared with 15.8 million in 2012. This year, they are set to rise to 18.1 million units, the study showed.

“In China and other developing countries, there is room for the car market to grow further as more people are in a position to buy their first car,” said the head of PwC’s automotive division in Germany and Europe, Felix Kuhnert.

Europe, for its part, could begin to see the light at the end of the tunnel as sales stabilise in the second half of this year.

But PwC’s analysts are nevertheless pencilling in much slower growth for Europe than China, with 12.1 million vehicles to be sold this year and 14.9 million in 2019.

That is well below the record of 16 million vehicles seen before the crisis in 2007.

At the same time, sales in the US are set to rise from 15.4 million vehicles to 16.7 million.

“The automobile markets in western industrialised countries are largely saturated,” Kuhnert said. Growth would come primarily from customers’ need to replace their cars, a purchase they have postponed up until now as a result of the economic crisis.

In order to meet global demand, worldwide production is set to expand by 25.5 million vehicles to 104.7 million in 2019, with additional production capacity to be built up in the fast-growing markets such as China and developing Asian countries, PwC said.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Police inspector charged, soldiers released in multi-million dollar drug bust
Latest News, News
Police inspector charged, soldiers released in multi-million dollar drug bust
January 12, 2026
KINGSTON, Jamaica — Two Jamaica Defence Force (JDF) soldiers detained in last week’s major cocaine seizure in St Andrew have been released after quest...
{"jamaica-observer":"Jamaica Observer"}
Producer Sponge Music upbeat as Alkaline’s ‘No Emotions’ hits #2 on trending chart
Entertainment, Latest News
Producer Sponge Music upbeat as Alkaline’s ‘No Emotions’ hits #2 on trending chart
BY KEVIN JACKSON Observer Writer 
January 12, 2026
Producer Charles “Sponge Music” Williston is upbeat as his latest production, No Emotions by dancehall artiste Alkaline, has hit the #2 spot on the Yo...
{"jamaica-observer":"Jamaica Observer"}
US diplomat calls for appointment of Guyana’s Opposition leader
Latest News, Regional
US diplomat calls for appointment of Guyana’s Opposition leader
January 12, 2026
GEORGETOWN, Guyana (CMC) — United States (US) Ambassador to Guyana, Nicole Theriot, says the Caribbean Community (Caricom) country needs to have in pl...
{"jamaica-observer":"Jamaica Observer"}
Meta urges Australia to change teen social media ban
International News, Latest News
Meta urges Australia to change teen social media ban
January 12, 2026
SYDNEY, Australia (AFP) — Tech giant Meta urged Australia on Monday to rethink its world-first social media ban for under-16s, while reporting that it...
{"jamaica-observer":"Jamaica Observer"}
Gold hits record high, dollar falls as US targets Fed
International News, Latest News
Gold hits record high, dollar falls as US targets Fed
January 12, 2026
LONDON, United Kingdom (AFP) — The dollar weakened and gold hit a record high Monday as investors digested news that the United States (US) Justice De...
{"jamaica-observer":"Jamaica Observer"}
MBU and Treasure Beach score wins in second round of JPL
Football, Latest News, Sports
MBU and Treasure Beach score wins in second round of JPL
January 12, 2026
KINGSTON, Jamaica — Leaders Montego Bay United (MBU) and Treasure Beach were the only winners in Sunday’s set of second-round games in the Jamaica Pre...
{"jamaica-observer":"Jamaica Observer"}
Johan-Remaldo Smythe ready to put Holland High on the map
Latest News, Sports
Johan-Remaldo Smythe ready to put Holland High on the map
January 11, 2026
Johan-Ramaldo Smythe showed that he is ready for all comers this season by smashing the Class One 100m record at the Purewater/RDanny Williams/JC Deve...
{"jamaica-observer":"Jamaica Observer"}
Trump admin sends more agents to Minneapolis despite furor over woman’s killing
International News, Latest News
Trump admin sends more agents to Minneapolis despite furor over woman’s killing
January 11, 2026
MINNEAPOLIS, United States (AFP)—US Homeland Security Secretary Kristi Noem said Sunday that hundreds more federal agents were heading to Minneapolis,...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct