Global car sales to hit 70.4 million units in 2024, still below pre-pandemic levels – Stocklytics.com

The automotive industry faces another challenging year in 2024, weighed down by rising costs, supply chain disruptions, high interest rates, and slow consumer spending. As a result, global car sales will remain below the levels seen five years ago, according to data presented by Stocklytics.com. The company says that although global car sales are expected to increase by 3.6 per cent year-over-year and hit 70.4 million units in 2024, that is still below pre-pandemic levels.