Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 86

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 86
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 an estimated contract value of $250,000.

·We
                                            continued to make significant progress in the implementation of our solution at the auto
                                            captive finance company of a notable US manufacturer in China.

Management
has identified the following material trends affecting NETSOL.

Positive
trends:

·According
                                            to S&P Global Mobility, the forecast for new vehicle sales worldwide in 2025 is 89.6
                                            million units, which is a modest 1.7% year-over-year growth in light vehicle sales.

·According
                                            to S&P Global Mobility and Edmunds, the US automotive sales of new vehicles in 2025 are
                                            expected to be around 16.2 million units, which is a 1.2% to 1.4% increase from 2024. This
                                            would be the highest annual sales figure since 2019.

·As
                                            of January 15, 2025, the U.S. inflation rate was 2.89% which is lower than the long-term
                                            average of 3.28%.

·The
                                            U.S. market remains strong and resilient for NETSOL to continue investing in building local
                                            teams for its core offerings.

·According
                                            to recent forecasts, China’s auto sales in 2025 are expected to reach approximately
                                            32 million units representing a 3% year-over-year increase. (China Automobile Manufacturers
                                            Association)

·The
                                            China Pakistan Economic Corridor (CPEC) investment, initiated by China, has exceeded $65
                                            billion from the originally planned $46 billion, in Pakistan energy and infrastructure sectors.
                                            In June 2024, China authorized a new $2.3 billion loan at a discounted rate to Pakistan as
                                            a short-term loan.

·The
                                            overall size of the mobility market in Europe and the United States is projected to increase
                                            over $425 billion combined, by 2035 or a compound CAGR of 5% from 2022. (Deloitte Global
                                            Automotive Mobility Market Simulation Tool)

·The
                                            global automotive finance market accounted for $245 billion in 2022 and is expected to more
                                            than double by 2035 at a CAGR of 7.4% according to Precedence Research.

·The
                                            U.S. economy grew at an annual rate of 3% for the second quarter of 2024. This report reflects
                                            the U.S. economy to