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

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China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. IHS Automotive experts also expect SUVs to remain the fastest-growing segment in China in 2015.

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