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

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when compared to April 2016 and the largest monthly decline seen since March 2013, according to JATO Dynamics. Diesel vehicles witnessed a 15% decline in registrations; diesel accounted for just 46% of the market in April 2017, compared to its 50% market share in April 2016. European car registrations totalled 1.22

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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. North America continues to be an impetus to global light vehicle demand levels. million, an increase of 2.4% North America.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

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New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. —Mark Seng, global aftermarket practice leader at IHS Automotive. until 2018.

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

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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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