Global car market remains on growth course

The US automobile market remains the world’s largest. This year, however, sales of “light vehicles” in the USA will rise by 10%. In total, according to the VDA forecast, approx. 14 million cars will be sold on the US market. The Chinese market would appear equally successful. The number of cars sold is set to rise by some 1.8 million new vehicles to a total of 13.1 million units.

The VDA refers to a “differentiated picture” with regard to Europe, which is not surprising in light of the euro crisis. While the number of cars sold in Italy, for example, fell by roughly 19% in the first half of the year, the German market remained stable with the same level of sales as last year. Sales figures in the UK even rose by 3% during the first five months of the year.

Global service network

The car industry is also highly significant for the LMT Group, whose multiple specialists pool the expertise of technologically leading manufacturers of precision tools. The result is tool solutions that enable automotive companies to sustainably reduce their production costs and gain a significant competitive edge. Take gearbox production, for example: LMT Fette hobs have proved their worth in the manufacture of gearwheels. When it comes to reconditioning, LMT has a global service network and coating centres in all major markets.

If you are interested in recent developments in the metalworking and tool making industry, we recommend that you subscribe to the LMT Newsletter. Every month the Newsletter will inform you about trends and innovations of the industry. You can register here.