Categories: Auto News

Due to the conflict in the Middle East, analysts reduce their forecast for the global car market

GlobalData specialists have already reduced the estimate by 400-500 thousand cars. The head of the analytical agency Autostat, Sergei Tselikov, announced this in his Telegram channel.

“First of all, the car markets of the warring countries will suffer because of it. The conflict may also lead to a decrease in car sales in other regions. First of all, these are Europe and Asia,” the expert noted.

According to him, the key factor in revising the forecasts was the sharp rise in prices for energy resources, which will inevitably affect the economic situation in a number of countries. In addition, the conflict poses risks to the supply chains of automotive components and materials. GlobalData analysts will present an updated forecast of global auto production on March 31.

Previously, the Russian authorities ordered the creation of a post-payment mechanism for parking.

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