Globally, auto sales in 2024 are forecast to grow modestly compared to 2023. Despite a slowdown in growth, sales volumes in 2024 are expected to surpass 92 million units and reach the highest levels since 2018.
In 2023, global vehicle sales rose 10.9% as supply chain issues eased worldwide. Production returned to normal levels and inventories were restocked.
M&A activity in the automotive sector experienced a significant decline in 2023, reaching the lowest number of transactions closed in the last decade. The number of transactions through the first quarter of 2024 was down 35% YoY.
Public company equity performance in most selected automotive indexes trended upward in the first quarter of 2023, although the Electric Vehicles index underperformed other groups and the overall market. Download our report to learn more.
