The automotive market in the time of global economic crisis

Jerzy Merkisz

doi:10.19206/ce-117173

Abstract

The paper presents the role that the automotive sector plays in national economies. The origins of the automotive market crisis have been described as well as its impact on the world and European automotive markets. A condition of the Polish automotive industry and related markets has been discussed indicating relatively moderate consequences of the crisis (as opposed to other countries). The influence of the crisis on the change of buyer preferences has been presented, indicting the shift of the demand towards smaller, cheaper and more energy efficient vehicles. New trends have been shown resulting from the crisis forcing the manufacturers to launch hybrid and electric vehicles as well as alternative fuel vehicles. In the conclusions negative and positive consequences of the crisis have been listed and a production forecast has been made for the coming years.

Highlights

Z tego względu economy is frequently compared to a bloodstream in a living rola systemu transportowego w gospodarce często jest organism
The demand for passenger vehicles is a bit less dependent on the condition of the economy (Fig. 3) as they are only partly used in the economic activities
The forecast presented by Business Monitor Interna- pertów jednomyślności odnośnie do perspektywy czasowej i tional – Automotives Insight indicates that the car sales in stopnia nasilenia kryzysu przemysłu motoryzacyjnego

Summary

Wprowadzenie

Sprawny system transportowy jest podstawą prawidłofunctioning of a developed economy. A proper functioning of road transportation is a significant source of income for the national budget In this context we can show that the tax proceeds of the EU related to the automotive sector amounted Fig. 1. The production of vehicles depends on the market demand This demand depends on the economic situation which, as said earlier, is related to the demand for transportation services. The demand for passenger vehicles is a bit less dependent on the condition of the economy (Fig. 3) as they are only partly used in the economic activities. The American automotive industry had already been weakened by the growing fuel prices related to the energy crisis in the years 2003-2008 (Fig. 4). Stąd też sprzedaż pojazdów użytkowych jest bardzo uzależniona od sytuacji gospodarczej The situation was aggravated by the growing labor costs related to a strong position of trade unions

Geneza kryzysu i jego wpływ na rynek

The situation of the automotive industry and automotive market in Poland

Sytuacja przemysłu i rynku motoryzacyjnego w Polsce

Findings

The influence of the crisis on the buyers’ preferences