Who Holds the Key For Passenger Car Companies????

Below table shows the number of people owning cars in some of the important auto(car) markets world-wide. 

# The Economist 13th Nov '08

With US almost saturated at 800 owners per thousand and with the present recession condition expected to prolong for an year or two, has the least potential along with Europe and Japan. The so called BRIC holds the key for auto (Car) companies.  If Russia can withstand the present economic crisis, it can fare better. But economy is under tremendous pressure, because it depends heavily on crude oil revenue which has fallen to rock bottom of 31 $ per barrel recently.  Worst part being economy is expected to contract by 0.2% in 2009 as per Guardian of UK. Earlier the economy comes back on track brighter the future.

Brazil holds good potential but in the long run it is going to be China and India, with only 30 and 7 car owners per 1000 people respectively.  Moreover both have population of over one billion and these economies are expected to perform best in 2009 among large economies. The reasons being china has already announced almost $600 billion stimulus package to prop up the economy and India with vibrant domestic market and export forming only 20% of GDP, makes them the best bet in the long run.