World's Biggest Auto Markets Are Flashing Yellow and Red

The video discusses the slowdown in the global auto market, focusing on China, Japan, and Europe. In China, the trade war and tariffs have led to price hikes, affecting consumer behavior. Japan faces declining car sales due to an aging population and changing preferences among younger people. Europe sees flat growth in countries like Germany, the UK, and Italy. The video also highlights the potential impact of new tariffs on the auto sector and a broader trend of consumers holding onto products longer, seen in both the smartphone and auto industries.

What is the current trend in the European auto market according to the text?

How does the trend in the smartphone market relate to the automotive market?