Fastest-growing automotive markets shown

Eastern Europe and the Far East are the world's fastest-growing markets for personal vehicles, according to the 2002-2003 World Automotive Market Report published by the Motor & Equipment Manufacturers Association (MEMA).

The number of personal vehicles on the road in Eastern European markets rose nearly 4% over the past 10 years, the report notes. Poland and Czechoslovakia reported increases of 8% and 7%, respectively. The region also includes Bulgaria, Hungary, Romania, the former Soviet Union, and the former Yugoslavia.

The leading markets for personal cars in the Far East are China, India, and Vietnam, all of which saw double-digit growth since 1991. Other nations in the region include Afghanistan, Bangladesh, Brunei, Burma, Hong Kong, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, and Thailand.

Now in its 72nd edition, the World Automotive Market Report includes production/assembly, vehicle census summary, United States automotive parts trade, world trade in new vehicles, and world motor vehicle markets.

Non-members of MEMA can order the World Automotive Market Report for $100 plus shipping charges by e-mailing Amy Matthews at [email protected].

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