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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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million vehicles, but the analysts do not expect the US market to achieve pre-recession levels of greater than 16 million vehicles per year until 2015. Austerity plans will prevent governments in Europe from boosting 2012 sales through scrappage programs and other incentives offered in previous years. Brands in the US.

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