PARIS – The ongoing rise in the price of oil will result in the global small-car segment growing by 7.5 million units over the next seven years, says a study by PricewaterhouseCoopers Automotive Institute, located here. Petroleum prices have jumped 37% in the last five years, from $24 to $115 a barrel, the consultants say. “In the United States, for example, an increase of $1 a gallon at the pump last year resulted in a reorientation of the market by 5% (888,000 units) toward passenger ...
Premium Content (PAID Subscription Required)
"Soaring Oil Prices to Push Global Small-Car Segment to New Heights" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.