Automotive Industry In 2024 . Dollars in revenue in 2022, a decrease from 2021. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply chains due to geopolitical tensions.
This translates into a 24% yoy shipment growth, down from 35% last year. Amidst the turbulent 2023, the auto industry sales topped 90mn with an astonishing double digit growth.
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