IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth
Green Car Congress
FEBRUARY 3, 2015
China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% in 2014 as a result of industrial overcapacity and weakness in the real estate sector.
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