Industry - Global Industry Forecasts - Motor Vehicles

Industry - Global Industry Forecasts - Motor Vehicles

Global motor vehicle and parts production growth accelerated in Q2 2023 as a continued easing in supply chain disruptions and working off high order backlogs boosted production. However, there is a growing risk that the market becomes demand- rather than supply-constrained as consumer put off high-ticket automotive purchases amid tighter monetary policy and order backlogs fall rapidly—particularly in Europe.