Global Top 10 OEMs Production Forecast (Q3 2023)

Global production in 2023 revised upward to 89M units; 91.2M units in 2024



⋆An updated version of this forecast report will be released every quarter

-According to a report by GlobalData as of Q3 2023, global light vehicle production in 2023 is estimated to increase by 7.8% y/y to 89 million units. In particular, the better-than-expected performance in China has led to an upward revision of approximately 1.6 million units from the previous forecast.

-The UAW strike is hampering production in North America, but overall, the impact has been fully offset by growth in China and India due to higher demand.

-Despite downside risks, recovery is beginning to approach more than 90 million units. BYD will overtake Suzuki Group in 2024 to become the world's ninth largest automaker.

This report is for paid members only. Remaining 1 chapters remaining.
Free membership registration allows you to read the rest of the article for a limited time.