A forecast is never a guarantee, just one of many tools that should be used to manage the risks of an uncertain future. Through the use of proven and integrated processes, quality analysis measures, and intensive scrutiny of our forecast in client engagements for PwC's Global Automotive Practice, Autofacts strives to provide industry decision makers and planners with a high-quality light-vehicle forecast. One measure of the quality that our processes bring to planning is in the accuracy of our forecasts.
Included below are the accuracy results of our regional forecasts for 2008, the second half of which was one of unprecedented and continuing economic and financial turmoil. Unfortunately, the events of 2008 severely disrupted the planning assumptions we made at the start of the year with the result that the one-year accuracy results were similarly disrupted.
