Corey Smith Horsham Discusses the Evolution of the Global Automotive Market
The car industry that existed a decade ago barely resembles the one operating today. Manufacturing hubs have shifted. Buyer priorities have changed. The balance of power among automakers looks nothing like it did before electrification took hold. Corey Smith Horsham has been following these shifts closely. The picture that emerges from recent industry data is one of genuine structural change, not a passing trend cycle. A Market Growing Unevenly Global vehicle sales have not moved in a straight line this year. Overall car demand has softened in several major markets Worldwide sales are down roughly 5% year-on-year during the first half of 2026 The decline is driven largely by weaker demand in China and the United States, amid economic pressure and shifting policy environments Electric vehicles, meanwhile, kept climbing, global EV sales jumped 35% in the second quarter compared with the first, setting record quarterly totals across roughly 50 countries Corey Smith Horsham points t...