Meanwhile, in the developed countries, the automotive industry has slowed. It is also expected that this trend will continue, especially as the younger generations of people no longer want to own a car anymore, and prefer other modes of transport. Other potentially powerful automotive markets are Iran and Indonesia.Emerging automobile markets already buy more cars than established markets.
- When gross domestic product growth boosts people’s purchasing power while consumer confidence is strong, people are willing to buy a car.
- Expleo global Business Transformation Index for 2022, finding that 61% of businesses believe fast-paced innovation is key to success.
- Russell Hensley, partner and coleader at the McKinsey Center for Future Mobility, sat down with Clare Jones at the M30 Summit to discuss the future of mobility.
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