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

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The sales slowdown is widespread throughout China, according to the IHS analysis of its proprietary province- and city-level forecast, along with the current economic climate. Retail vehicle registrations have maintained volumes far better than wholesale vehicle sales, which may provide stronger guidance for dealer orders.

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

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million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” The year preliminarily closed with 5.34

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