You might have noticed that data for March 2019 finally suggest that the trend of car sales might be turning around! So far, with all the “we’re getting greener fanfare” of past years, we still had very bullish car sales growth every year for the past 9 years. And we are talking diesel and petrol cars, not Tesla’s :)
This trend has stopped now! This can be big!
Some of this reversal may finally reflect a fundamental shift in the transport market. A shift we hope for. The surge in ride-hailing apps, car sharing and carpooling, combined with increased environmental-related charges, might have finally reduced the appeal of owning a car for enough people to slow the growth.
There’s always an option that it can also be a result of upcoming economic slow-down (not crisis, mind you). What do you think?
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