The Truth About Cars » world car production http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 01 Aug 2014 21:12:49 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » world car production http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Nikkei Sees “Sharp Slowdown” In Global Car Production. They Need Glasses http://www.thetruthaboutcars.com/2011/10/nikkei-sees-%e2%80%9csharp-slowdown%e2%80%9d-in-global-car-production-they-need-glasses/ http://www.thetruthaboutcars.com/2011/10/nikkei-sees-%e2%80%9csharp-slowdown%e2%80%9d-in-global-car-production-they-need-glasses/#comments Mon, 31 Oct 2011 15:18:50 +0000 http://www.thetruthaboutcars.com/?p=416170   Last year, world car production had jumped 26 percent to 77.8 million units, as it recovered from  a carmageddon-induced slump. This year, global car output will see a “sharp slowdown,” if  The Nikkei [sub] is to be believed. The Tokyo business paper cites IHS and J.D.Power, both expect only 4 percent growth. The Nikkei […]

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Last year, world car production had jumped 26 percent to 77.8 million units, as it recovered from  a carmageddon-induced slump. This year, global car output will see a “sharp slowdown,” if  The Nikkei [sub] is to be believed. The Tokyo business paper cites IHS and J.D.Power, both expect only 4 percent growth. The Nikkei however should do some chart studies before writing.

As the graph above shows, that growth rate is not a sharp slowdown, is simply is a return to normalcy. Last year’s 26 percent jump was the counter-reaction to a 12.4 percent slump in 2009. From 1998 to 2007, the global car market expanded at an average rate of 3 percent per year – in a more or less linear fashion.  Pre-carmageddon, the rolling 3 year average was a little above 4 percent annual growth. The worldwide market is simply getting back into its old pace.

The cars lost during carmageddon however appear to be lost for good.

What I am seeing is a sharp slowdown in my trust in major wire services.

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