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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 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. The North American market will continue its upswing, though the pace differs by country. North America.

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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. The European market is an important sector for the global development of Foton Motor. In 2017, its global sales volume of commercial vehicles hit 176,800 units. Piaggio Porter.

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Penske orders 750 Ford E-Transit cargo vans for rental and leasing fleet

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These are the first light-duty electric trucks to be made available in Penske’s rental and leasing fleet, as previously announced. Penske Truck Leasing operates more than 372,000 vehicles and serves customers from more than 1,300 locations in North America, South America, Europe, Australia and Asia.

Ford 320
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IHS Markit: global auto sales to drop 22% this year

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IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

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Cenntro introduces two new electric vans at IAA Transportation

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The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America. As a result, the LS100 is eligible for sale in all 27 EU member states and other countries that adopt EU vehicle homologation standards.

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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Global light vehicle assembly will reach 81.8 This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. Global automotive industry regional highlights include: North America.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Under the forecast, China will thus represent 26% of global auto sales in 2015. million units sold, according to the report, or 46% of global auto sales.

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