Why the world auto market is growing faster than anyone expected

The world’s auto industry has been in a long-running recession, but that doesn’t mean the industry’s growth is slowing down.

The U.S. auto market grew by 7.7% in the first three months of 2018 compared to the same period in 2017, according to the National Association of Manufacturers (NAM).

Automakers were able to boost their revenue by about $9 billion in 2018, the industry group said in a statement on Wednesday.

The growth is partly due to a big jump in demand for new cars, which has driven the price of new vehicles in some markets to record highs.

Demand is also growing faster in Europe, China and Japan, the NAM said.

The biggest contributor to the rise in demand is a boom in the number of new cars being built in China and Russia.

It also helped boost sales in Asia and the Middle East.

The auto industry also continues to enjoy a boom because it is the only one of the top 10 global economic sectors that is growing fast.

It grew by 1.6% in 2017.

In 2018, it will be up 2.6%.

The auto market was one of three sectors that accounted for about a third of the U.K. economy, which accounts for about 10% of global GDP, according a report released by the think tank the Economist Intelligence Unit.

It is one of four major economies that are not growing fast, along with the service sector and manufacturing.

In China, the auto industry grew by 2.5%, which was also up from the previous year.

In the U, sales of all types of vehicles and parts rose by 3.3% last year.

That’s the best growth since the year 2000.

The report also found that demand is growing more rapidly in China, where the economy has grown by an average of 6.6%, or about $30 billion, in the past 12 months.

Demand for cars is growing in Europe as well, where demand for vehicles is growing at an annual rate of 5.5%.

In Japan, which is the biggest car market in the world, sales grew by 5.9% last season, the highest growth since 2014.

Demand has been on the rise for years in China as well.

Demand increased by about 4.4% in 2019, according the data.

China has been trying to diversify its economy, as well as reduce dependence on foreign manufacturers.

In January, it announced that it was reducing the country’s reliance on foreign automakers by a third.

It said it would invest $1.5 trillion in new, foreign-made cars, trucks and engines by 2020.

But that plan has been delayed by the implementation of a tax that will increase the cost of imported cars and vehicles.

The tax on foreign vehicles was expected to be in place in 2019 but has yet to go into effect.

The Trump administration, which wants to cut taxes for all Americans, has not said whether it will eliminate the tax on cars.

The industry has also been working on an aggressive expansion plan.

In 2019, the number and number of manufacturing facilities in the U and abroad grew at an average annual rate over 5%, according to data from NAM.