WORDS FROM THE WISE: THE 2018 AUTO OUTLOOK - AUTOLINE THIS WEEK 2201

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This episode of Autoline This Week features a panel of automotive economists discussing the 2018 outlook. The consensus is a strong global automotive market driven by favorable economic conditions, including growing economies, low oil prices, and low interest rates. However, economists caution that policymakers might intervene, potentially leading to a slowdown if not managed carefully. A significant trend highlighted is the consumer shift from passenger cars to crossovers and SUVs, attributed to factors like higher seating positions, better drivability, and improved fuel economy. This shift is also creating opportunities for Chinese manufacturers in the crossover segment. The discussion also touches upon the increasing volume of off-lease vehicles, with experts largely unconcerned due to the efficiency of the used car market and improved vehicle durability. The potential impact of ride-sharing and car-sharing services on future vehicle sales is debated, with the prevailing view being that increased vehicle usage could offset reduced ownership, potentially leading to higher demand for replacement parts and more frequent vehicle turnover rather than a crash in sales.