LONDON, Jan. 30, 2013 /PRNewswire/ -- 2013 is expected to be the year of the dragons and eagles striving growth and balancing fall in the European automotive industry. While China is expected to cross 20 million vehicle sales, the U.S. market is expected to reach 15 million sales, a record high since the economic crisis in 2007. On the other side of the Pacific, the ASEAN markets had a tremendous growth in 2012 with Indonesia joining the one million sales club for the first time.
The Western European market on the other hand, shrunk by 8.5 per cent in 2012 with big markets such as Germany and France witnessing negative growth. The United Kingdom was the only Light Vehicle market witnessing an increase in sales in 2012 and is expected to experience the same in 2013.
Although competition for the global top spot in the industry is expected to continue between GM, Toyota, and Volkswagen, the question of the year will be, which OEM is expected to cross the 10 million unit sales mark. There are about one billion vehicles in operation creating a huge opportunity for aftermarket services. So what will 2013 have on hand?
During its upcoming complimentary web conference taking place on Tuesday, 5thth February 2013, at 4 pm GMT, Frost & Sullivan will present the 2013 Outlook on the Global Automotive Industry. Program Managers, Mr. Mohamed Mubarak and Mr. Martyn Briggs, as well as Director, Veerender Kaul, will discuss OEMs' strategy initiatives to excel in the target markets and segments, highlight the growth markets and attractive segments in the industry and summarise a technology outlook for 2013. The presentation will also encompass opportunities in the aftermarket segment and the revelation of the expected winners in the industry for this year.
To participate in this complimentary web conference, please email Katja Feick at email@example.com with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
"We expect 2013 to be an exciting year ahead with OEMs structuring their strategies on specific market focused subjects such as budget cars, smaller SUVs, mobility and others," outlines Mr. Mubarak.
The web conference will benefit global car manufacturers, suppliers, leasing companies, dealers, mobility players and aftermarket players to understand the trends and forward looking projections of the Global Automotive Market for 2013.
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SOURCE Frost & Sullivan