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Automotive Industry
(redirected from Car market)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
Automotive Industry
A division of manufacturing that produces, builds, and sells motor vehicles. As driving became more common in the early and mid-20th century, the automotive industry expanded significantly. In the early 21st century, it continued to expand in South America, China, India, and other newly developed countries, though it has stagnated in older markets like the United States and Japan. Most automobiles operate on an internal combustion engine, the use of which has become increasingly controversial because of concerns about emissions.


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continue to tap the booming car market in China, by further optimizing their production and marketing programs deployed there over the past few years.
President Lee Myung-Bak on Thursday offered full government support to help South Korean firms secure about 10 percent of the global electric car market by 2015.
And in the used car market prices have climbed to levels not seen since the start of 2008, with hopes of a return to growth in sales volumes in the second half.
 
 
 
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