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

Green Car Congress

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Europe; Russia influences.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors.