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.
Read the full story and much more by downloading the latest report by Auto Forecast Solution and Autocar Business below.
