This website uses cookies in order to offer you better services. If you choose to continue on, we will assume that you consent to receiving cookies from CENS.com. Please refer to our Privacy Policy for more details. A harsh economic situation swept through the global automotive market in 2018, largely due to slowing market demand and political competition among the world’s superpowers, as well as decreasing confidence from consumers, leading to the first decline in five years in the industry. More importantly is how the main markets in China, Europe and North America have already fallen into negative growth. Despite the shrinking market, there are several promising prospects to expect, including exponential growth in electric vehicles and advancing self-driving car technologies. Due to the shrinking auto markets in both China and the U.S., the sales in the global auto market in 2018 was down by 0.7% to 93.6 million units as other markets were unable to step in. Together with China’s stimulus package and on the condition that the country maintains peaceful trade negotiation with the U.S. and other countries, the annual growth rate for 2019 is expected to be at 1%. How...