The auto industry's most important industry segments include commercial vehicles and passenger cars. Global sales of passenger cars are forecast to fall to 59.5 million units in 2020, down from a peak of 79.6 in 2017. China is counted among the largest automobile markets worldwide, both in terms of sales and production. Car sales in China dipped for the first time in 2018; the market has not recovered since.
Mass production of automobiles started in the early 1900s, when Ford introduced assembly line car production to mass-manufacture its Model T. Today, the Ford Motor Company still ranks among the leading manufacturers of passenger cars, its most popular passenger light truck model being the Ford F-Series, which was also one of 2019’s best-selling light vehicles worldwide. Surprisingly, only one American company made it into the list of major motor vehicle manufacturers in 2019, and the automotive supplier industry was dominated by European and Japanese players such as Bosch, Continental, and Denso.
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In the following 6 chapters, you will quickly find the 32 most important statistics relating to "Automotive Industry".