International trends in the automotive market

Аccording to the article, the automotive industry, in particular the passenger car segment, is growing rapidly and has become a key element of the global economy. At the same time, there is a significant imbalance in production and sales volumes between different countries. The undisputed leaders in this area are China, European countries, the United States and Japan. The publication also focuses on the intensification of competition in the market, where the top three sales leaders, according to the latest information, are Toyota, Volkswagen and Honda. Stimulation of further market progress is carried out through such positive measures as intensification of scientific research, active implementation of innovations and deepening of integration processes. These trends lead to a constant transformation of the global market structure and the unification of leading automakers into large transnational concerns.