International automobile sales by region 2018-2024

In 2020, light vehicle sales worldwide declined by almost

percent. By 2024, the market had increased well over pre-pandemic levels, despite supply chain issues, surges in automotive layoffs, and strikes in North America. In North America, around million light vehicles were sold in 2024. Light vehicle sales were to be around million units in the United States, North America's largest market, up from around million units one year earlier. 

Semiconductors Thrive 

Amidst the brewing tension brought forth due to the COVID-19 pandemic and global conflict, the semiconductor supply chain saw significant disruptions. Seemingly, one would expect that particular industry to have suffered greatly from such disruptions, but despite everything, global semiconductor industry revenue actually increased during 2020 and beyond, going from

billion U.S. dollars in 2019 up to billion in 2022. In 2023, and even more so in 2024, the demand for semiconductors has surged, with companies like NVIDIA having nearly trillion U.S. dollars of market capitalization.

Automotive Supply 

Global automotive suppliers, such as Bosch and Denso, suffered losses during the same period of instability in recent years, where the top 10 leading global automotive suppliers saw decreases in revenue from

billion U.S. dollars in 2019 to billion dollars in 2020. These revenues bounced back in 2021 and beyond, reaching billion dollars in 2022. In particular, the earnings before interest and taxes (EBIT) margins of nearly every automotive supply segment have bounced back from the reported disruptions; this includes original equipment manufacturers, and software suppliers.