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

Green Car Congress

This has happened just once in the past 15 years—in 2008, at the height of the global recession. 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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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 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. million, an increase of 2.4%

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Global NCAP calls for universal application of minimum vehicle safety standards in all world markets by 2020

Green Car Congress

Millions of new cars sold in middle and low income countries fail to meet the UN’s basic safety standards for front and side impacts, according to international automotive safety watchdog Global NCAP (New Car Assessment Program). —Global NCAP Chairman Max Mosley. This is entirely unacceptable.

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