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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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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. for the overall US industry. Sales growth in Russia will likely be flat in 2012, however, Polk anticipates sales in Russia to outpace Germany by the year 2015.

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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

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In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). United States. Western Europe.

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

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Europe; Russia influences. —Nigel Griffiths, chief automotive economist, IHS Automotive. million units.

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