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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. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5%

2015 150
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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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IHS revised downward its forecast for light vehicle sales in China, projecting a decline of 3 to 4 percent from previous estimates for 2015. IHS Automotive has reduced its full year 2015 light vehicle sales forecast for China to 23.4 million units, reflecting a growth rate over 2014 of just 1.4 percent year-over-year growth.

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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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years, based on a snapshot of vehicles in operation (VIO) taken 1 January 2015, according to IHS Automotive. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. percent of the fleet.

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World Bank/ICCT report provides guidance to reducing black carbon emissions from diesels in developing countries

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The transportation sector accounted for approximately 19% of global black carbon emissions in the year 2000, according to the report. Road transportation accounted for 9% of global black carbon, with diesel engines responsible for nearly 99% of those emissions. Source: Minjares et al., data from Facanha et al. Click to enlarge.

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

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Global automotive market intelligence firm Polk forecasts worldwide new vehicle sales in 2012 will rise 6.7% Polk analysts believe the global economy will weather the current European sovereign debt crisis and consumers will return to showrooms around the world in 2012. Polk forecast, millions of units. Click to enlarge.

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