RESEARCH TRIANGLE PARK, NC If all the world’s motor vehicles were lined up bumper to bumper, the line of traffic would circle the globe 120 times. According to the 2007-2008 World Motor Vehicle Market Report, the world’s motor vehicle population reached 789.8 million units in 2005 a figure large enough to create the globe-encompassing traffic jam mentioned above.
This growth in total number of vehicles reflects an increase of 52.6 million, or 7.1 percent, from the 737.2 million vehicles in use in 2004. The world’s population in 2005 was estimated at 6.4 billion, which equates to approximately eight persons for every vehicle in the world.
Now in its 76th edition, the 2007-2008 World Motor Vehicle Market Report illustrates the continued expansion of the global economy through the increasing motor vehicle population. It is one of the industry’s oldest and most respected global statistical analyses.
In addition to world vehicle markets, the 2007-2008 report features analysis and coverage of vehicle production and assembly, vehicle census summary, U.S. motor vehicle parts trade worldwide and world trade in new vehicles. The report is produced annually by the Overseas Automotive Council (OAC), the Motor and Equipment Manufacturers Association’s (MEMA) international aftermarket division.
Members of OAC, MEMA and its market segment associations can order copies of World Motor Vehicle Market Report for $75. Non-members can order copies for $200. Copies can be ordered online at the publications section of the MEMA website, www.mema.org or by e-mailing [email protected].