The Evolution of the World Motor Vehicle Production in the Period 2018-2022

Sorin-George Toma ()
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Sorin-George Toma: University of Bucharest, Faculty of Business and Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 2, 175-179

Abstract: The automotive industry has always represented a key sector within the economy of any country. Moreover, its significant contribution to the gross domestic product of many countries transformed this industry into one of the main pillars of the global economy. Therefore, numerous countries have built and produced various motor vehicles on different continents. The purpose of the paper is to briefly present and analyze the evolution of the world motor vehicle production on the four continents (Europe, America, Asia-Oceania, and Africa) in the period 2018-2022. The research methodology is based on a qualitative research method. The paper shows that the pre-pandemic period was a better period for the automotive industry than the pandemic period. Also, it demonstrates that AsiaOceania dominates the production hierarchy by continents.

Keywords: motor vehicle production; motor vehicle; automotive industry; car (search for similar items in EconPapers)
JEL-codes: D2 E23 F01 L62 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:175-179

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