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Premium Content The Global Car Industry Is Finally Set To Rebound By Oxford Business Group - Jan 27, 2021, 1:00 PM CST The global automotive industry took a significant hit last year on the back of a Covid-19-related slump in activity. However, a more positive global outlook is set to boost demand, boding well for automotive manufacturers in emerging markets. The automotive industry was one of the manufacturing segments most affected by the pandemic: coronavirus-related disruptions to trade and travel, along with the associated economic fallout, badly affected vehicle demand around the world. According to analysis from Moody’s, global light vehicle sales fell by 16% in 2020, with the total number of units sold dropping from 90.3m to 75.8m.

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