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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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Retail vehicle registrations have maintained volumes far better than wholesale vehicle sales, which may provide stronger guidance for dealer orders. IHS analysts are also looking ahead to 2016 and still expect some growth in light vehicle sales next year, though just about 3 percent, to 24.2 million units. million in 2018.

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Volkswagen to offer incentive in Germany of up to €10,000 to scrap Euro 1-4 diesels

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These incentives are available independently from the state purchasing incentive for electric vehicles introduced in July 2016, which customers can claim in addition. Applications for the incentives can be made with immediate effect to Volkswagen dealers in Germany.

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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.”

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