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Global automotive profits surge

 

 

According to McKinsey report, by 2020, the global automotive market will grow 50 percent profit, of which more than half from China. Car makers in emerging markets may be ready to harvest regional revenue growth results.

With the U.S. market this summer, car sales soared, car manufacturers to increase production capacity for cars and trucks increasing pressure. According to IHS Automotive survey, before the end of the Big Three in the U.S. market cars sold half of its North American plants will produce three shifts.

McKinsey noted that in the next seven years, the emerging markets in the global automotive sales proportion will increase. These markets include China, Russia and India, accounting for annual sales of cars and trucks, half of the share, and by 2020, its market share will increase to 60%. Automobile manufacturers in China and emerging markets need to put more cars, as emerging markets, especially China's sales will continue to grow.