Z Cherry Blog

Vehicle Production Rate

August 5th, 2008

Across the entire globe, motor vehicle usage has increased tremendously as this figure indicates. In 1950, there were only about 53 million cars on the world’s highways and here we are four decades later with the global automobile fleet exceeding 430 million vehicles, more than an eightfold increase. On average, the fleet has grown by about 9.5 million vehicles per year over this period. While the growth rate has slowed in the highly industrialized countries of the world, population growth and increased urbanization and industrialization are accelerating the use of motor vehicles elsewhere. Overall growth in the production of motor vehicles, especially since the end of World War II, has been equally dramatic. Between 1950 and 1990, production increased almost linearly, as you can see from that top line, from about 10 million vehicles per year to now about 50 million vehicles per year, approximately 1 million additional vehicles are produced each year compared to the year before over this period of time. Over the past several decades, motor vehicle production has gradually expanded from one region of the world to another. Initially, and through the 1950′s, it was dominated by North America. The first wave of competition came from Europe and by the late 1960′s, European production had surpassed that of the United States. Over the past two decades, the car industry in Asia led by Japan has grown rapidly and now rivals those in both the United States and Europe.I hope you enjoyed this post. I have written more about the automotive industry. Why not read my article about lookup license sites? I’ll see you there!

Entry Filed under: Autos