China’s auto industry is likely to sell more than 40 million vehicles per year over the next five years – including 10 million to the overseas market—as the sector still has “vast potential” for growth, according to an industry insider, reports the South China Morning Post. The estimate by Cui Dongshu, secretary general of the […]

China’s automotive sector is targeting annual sales surpassing 40 million vehicles within the next five years, as forecast by the China Passenger Car Association (CPCA) secretary general, Cui Dongshu. The projections also include exports, which are expected to reach ten million units in the international market. Additionally, Dongshu’s projections suggest a potential doubling of China’s […]

Nigeria’s automotive sector, which was once seen as a path to industrial growth and job creation, is now arguably stalled. This indeed calls for concern, as it reflects deeper national problems. Despite being Africa’s biggest economy with over 220 million people, it’s saddening that we still depend heavily on imported vehicles. In 2023 alone, more […]

New car prices have held about steady since 2023, with the August 2025 average of $49,077 about the same as it was two years prior. Even the introduction of tariffs hasn’t had much of an impact on sticker prices yet. But as those levies are seemingly staying put for a while, analysts are warning that […]

ACEA’s Economic and Market Report provides data on vehicle sales, production, and trade in Europe and globally. The EU’s economic outlook remains cautiously optimistic, with GDP expected to grow 1.1% in 2025 amid trade tensions and the United States’ tariff changes. Headline inflation is forecast to ease to 2.3% in 2025 and average 1.9% in […]