The global car sales crisis is due to a combination of complex factors that are impacting the entire industry.
Here are some of the causes: Rising prices: The increase and rising costs of raw materials have led to an increase in car prices, making them less affordable and reducing demand.
Transition to electric: The push towards electrification has created uncertainty in the market, with many consumers reluctant to go electric due to high costs and the lack of adequate charging infrastructure.
Logistical issues: Logistical difficulties, including delivery delays and shortages of materials, have further exacerbated the situation.
The automotive market, with sales forecasts for worsening in the coming months.
These combined factors are creating a difficult environment for car manufacturers, with sales forecasts for the foreseeable future.