GearCity7/SimulationGC7: Global Auto Market Projections

Global Auto Market Projections 

March 2020

Many automakers are cutting costs while rolling out new, exciting vehicles for the 2020 and 2021 model years. These models are said to be forecast based on newly introduced stabilized interest rates of 0.0275% globally. Stock market rates are balanced at this point and hold a 2% inflection point. Rates could bring good news for both private and corporate investors during this time period, according to the report. Included in this report are predictions that gas rates will hold at 2%, suggesting economic frustration at the pump for most of the global community.                 

Electric vehicles should see a boost in sales, according to the GearCity Rate Commission predictions for 2020. The predictions indicate that electric customers will benefit from rates ranging from 1.03% to 1.05% across various countries participating in the electric charging network. 

Analysts believe that car price rates are expected to remain stable; however, there is a 0.3% decrease as the industry approaches the 4th quarter.