PwC's automotive analyst group, Autofacts, expects 2012 global light vehicle assembly will exceed 79 million units, an increase of 6.8 percent from last year.
Although many market uncertainties will carry over into 2012, Autofacts remains optimistic that the global automotive industry outlook will be positive, assuming that a policy resolution in the European Union materializes in the near-term.
Monetary tightening and other policy shifts in Brazil, India and China caused slower growth in 2011. But, with inflationary fears in these markets subsiding (prompting correspondingly looser monetary policy), these markets could be poised for substantial growth once again. Russia is positioned for another year of strong local demand.
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