Industry Automotive industry A car being assembled in a factory The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles . In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide. In 2007, a total of 71.9 million new cars were sold worldwide: 22.9 million in Europe, 21.4 million in the Asia-Pacific Region, 19.4 million in the USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and other parts of Asia grew strongly. Of the major markets, China, Russia, Brazil and India saw the most rapid growth. About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion US gallons (980,000,000 m 3 ) of gasoline a...
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