Automotive Industry

(redirected from Worldwide vehicle sales)
Also found in: Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Worldwide vehicle sales for PSA Peugeot Citroen fell 9.8 percent in the first half of this year, the company reported.
Worldwide vehicle sales hit 8.87 million units in the year to March, Toyota said.
said Monday its group global vehicle sales in 2012 rose 22.6 percent from a year earlier to 9.75 million units, regaining the top spot it relinquished in 2011 in terms of worldwide vehicle sales by volume.
Fuji Heavy revised down its sales forecast for the period after its worldwide vehicle sales fell below the planned 356,000 units, it said, adding, however, that brisk sales of upper-grade models with higher margins pushed up net profit.
The group announced yesterday that worldwide vehicle sales slipped 500 units in the first half of this year to 1,764,000 vehicles - split one million to Peugeot and 764,000 to Citroen.
auto sales, worldwide vehicle sales have remained firm in recent years, maintaining a 1- to 2-percent growth rate per annum.

Full browser ?