Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China
Green Car Congress
JANUARY 9, 2015
Despite growing concerns about an economic slowdown in China, demand for new automobiles continues to be driven by rising vehicle ownership in tier 2 and 3 cities, especially for CUVs, which are advancing by 40% per annum, the report noted. General Motors Co. million units, up from an estimated 18.1 million units in 2014.
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