article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. IHS Markit forecasts 2020 US auto sales to be 14.4

Gasoline 269
article thumbnail

IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

Light 150
article thumbnail

IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

Global 150
article thumbnail

S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

Green Car Congress

The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age. The combined effect caused retail and fleet sales of new light vehicles in the US to drop 8% from 2021’s 14.6 The newest Channel Forecast is set to be published in June.

Light 273
article thumbnail

Ford projects utility vehicles to account for 29% of its global sales by end of decade

Green Car Congress

Ford projects utility vehicles will account for 29% of its global sales by the end of the decade. Ford utility vehicles—ranging from the compact EcoSport to the eight-seat Expedition—accounted for 23% of brand sales globally in 2013, up from 17% a year earlier. Both Edge and EcoSport are new entries for Ford in Europe.

Ford 230
article thumbnail

Lucintel forecasts global automotive sensors industry to reach approximately $18.8B in 2017; 9.3% CAGR

Green Car Congress

Lucintel, a mass transportation consulting and market research firm, forecasts that the global automotive sensors industry will reach approximately $18.8 Emerging markets are forecast to expand due to leading sensors applications in BRIC nations and Middle East regions, contributing to the growth of APAC industry growth.

2017 225
article thumbnail

Polk Forecasts US LDV Sales to Grow 10.2% in 2010

Green Car Congress

million units in 2010, according to its most recent US light vehicle forecast. Light vehicle sales in 2009 were 10.4 lower than 2008. —Dave Goebel, North American forecast consultant for Polk. —Dave Goebel, North American forecast consultant for Polk. Polk & Co.

2010 170