In 2017, the international automotive industry produced 73.5 million passenger cars, an increase of around 2.4%, compared with the previous year. In 2018, car sales are expected to continue to grow to about 81.6 million units, with China remaining the largest producer of passenger cars, according to a report on statista.com.

On a global stage, IHS Markit forecasts that several regions will see growth in light vehicle manufacturing in 2018, with worldwide production estimated at 95.11 million vehicles.