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'''it is European markets that contributed the most to booming exports, jumping from an estimated 8% share of exports in 2017 to a 28% share in 2022.''' For the first time ever, Europe’s vehicle trade balance moving into negative territory in December 2022. | '''it is European markets that contributed the most to booming exports, jumping from an estimated 8% share of exports in 2017 to a 28% share in 2022.''' For the first time ever, Europe’s vehicle trade balance moving into negative territory in December 2022. | ||
[[File:Screenshot 2023-09-08 115747.png|center|thumb|549x549px|<ref>https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/economic-research/publications/specials/en/2023/may/2023-05-09-Automobile.pdf</ref>]] | |||
==== '''Scenario China gaining Market share''' ==== | ==== '''Scenario China gaining Market share''' ==== | ||