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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% North America.

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European car registrations drop 7.1% in April, diesel down 15%, SUVs continue to grow

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Meanwhile SUVs continued to grow, posting an increase in registrations of 7.2%, but this growth wasn’t enough to offset the double-digit drops seen by other segments. —Felipe Munoz, Global Automotive Analyst at JATO Dynamics. The decline in registrations particularly affected traditional car segments.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk analysts believe the global economy will weather the current European sovereign debt crisis and consumers will return to showrooms around the world in 2012. Polk forecast, millions of units. Click to enlarge.

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