The auto industry is shrinking as the world reaches 'peak car' — and it's dragging down the entire global economy

The slowing of automotive industry brings thread to economy. In 2018 this sector faces serious downturn in its production and sales according to the IMF (international Monetary Fund).The automobile sector shows roughly 30% decrease in global trade.

Automobiles manufactures are facing issues like strict laws of pollution, forcing industries to spend money on lower-emissions technology and trade tensions across the globe.

Trade war between US and China cause rises of prices of the car-building materials and car sales even in the country reduced by 12% over the past year.