Currently reading: Global car production to jump in 2023 despite slow start
Download the March 2023 issue of the monthly Auto Forecast Solutions report, exclusive to Autocar Business

The threat of recession is currently slowing demand for new cars, preventing manufacturers from ramping up factory output. Nonetheless, global production volumes are forecast to grow by 5.3% this year, compared with 2022, with Western Europe leading the rise after three years below 10 million units.

Meanwhile, the Middle East/Africa region will contract by 2.5%, owing to global sanctions on Iran.

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