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In reply to the discussion: Rental cars may be about to flood the used-car market [View all]pbmus
(12,422 posts)23. ....70 - 59.5 equals 10.5 million parked in lots all over the world....just this year
How many cars are produced in the world every year? In 2016, for the first time in history, over 70 million cars passenger cars were produced in a single year.
Worldwide car sales 2010-2020
Published by Statista Research Department, May 7, 2020
The global auto industry expects to sell 59.5 million automobiles in 2020, a dramatic decrease of over 20 percent year-on-year. The sector is projected to experience a downward trend on the back of a slowing global economy and the advent of a pandemic in all key economies. Previously, it had been estimated that international car sales were on track to reach 80 million in 2019; however, as economic woes continue, demand for new motor vehicles is expected to be in the negative throughout 2020.
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....70 - 59.5 equals 10.5 million parked in lots all over the world....just this year
pbmus
May 2020
#23
I was thinking of picking up a used short bus from the local bus company...
TreasonousBastard
May 2020
#2
I'm not afraid of used rental cars especially, but a problem for me is selection/features ...
mr_lebowski
May 2020
#3
I suppose it's not that bad for car makers.. In my area the prices haven't really gone down...
mitch96
May 2020
#7
I was driving a 15 year old car and decided to take advantage of this credit situation.
ooky
May 2020
#10
Not onlt that, some car companies are trying to get leasers to keep their cars longer.
TheBlackAdder
May 2020
#21