Automotive markets

In 2019, worldwide demand for cars should remain roughly at the level of the previous year. The European market is likely to be of the magnitude of 2018. In Western Europe, we expect demand to remain more or less stable in view of the above-average market level that has now returned, and Germany, the region’s largest single market, should also display a stable development at the prior-year level. The car market of Eastern Europe is also expected to maintain its prior-year volume. The Russian market should continue to develop comparatively favorably with a slight increase, while a sharp decline is expected in Turkey.

The US market for cars and light trucks is likely to contract slightly from a high level. Following the weaker level of the previous year, the Chinese car market should stabilize in 2019 and maintain its volume at close to the prior-year level. Demand in India, however, should grow moderately. In Japan, we expect the market volume to remain more or less unchanged.

Demand for medium- and heavy-duty trucks should vary in the regions relevant to us, but we anticipate the continuation of favorable market conditions.

In North America, we assume that the truck market in weight classes 6 to 8 will maintain the high level of the previous year.

Despite a certain weakening of overall economic growth, we expect demand in the EU30 region (European Union, Switzerland and Norway) to remain at the high level of 2018. In Brazil, the market is expected to continue its recovery with a significant increase in truck sales. However, the Turkish market is likely to shrink again significantly due to the country’s economic recession. We anticipate a slight increase in demand for trucks in Russia.

The most important Asian markets from Daimler’s perspective are likely to present a varied picture in 2019. In the Japanese market for light-, medium- and heavy-duty trucks, we anticipate a slight market decrease at an ongoing solid level. We expect a stable development of the Indonesian truck market. In India, following strong growth in 2018, demand for medium- and heavy-duty trucks should remain at the same level in 2019. In the Chinese market, a significant correction is to be expected following the extremely high volume of the previous year.

In the EU30 region in 2019, we expect a market volume at the prior-year level in the combined segment of mid-size and large vans, as well as in the market for small vans and in the segment of mid-size pickups. In the United States, demand for large vans should be slightly stronger than in the previous year. The market for large vans in Latin America should continue its recovery in 2019. In China, we expect slight growth in the market we address there for mid-size vans.

We expect slight growth in the market volume for buses in the EU30 region. In Latin America (excluding Mexico), we assume that the situation will improve due to the slight market recovery in Brazil. But growth in Latin America continues to be held back by the economic crisis in Argentina.

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