Feb 13, 2025
How Europe can take back the wheel in the global auto sector
2024 was a reality check for the global automotive market and 2025 does not look much better. After recording almost +10% growth in 2023, the automative sector saw a modest +1.7% increase of new registrations in 2024, hit by lower demand; higher rates, which translated into higher loan costs coupled with tighter lending conditions, and a line-up from some carmakers that failed to match consumer expectations while legacy auto makers announced hundreds of new models over 2023-2024.