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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 percent, compared with its previous forecast of 4.4 percent year-over-year growth.

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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%

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IHS: average age of vehicles on the road in US steady at 11.4 years; scrappage rate declining

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In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. —Mark Seng, director, aftermarket solutions and global aftermarket practice leader at IHS Automotive. Looking ahead, IHS forecasts that average age of vehicles is likely to remain at 11.4

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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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New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. —Mark Seng, global aftermarket practice leader at IHS Automotive. until 2018.

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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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The circles represent the year in which new vehicle sales equal 100% alternative powertrains/fuel. Production forecasts from IHS. Production forecasts from IHS. Turnover of the US fleet under the three models of penetration. Source: Belzowski and McManus. Click to enlarge. Turnover of the Chinese fleet. 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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Polk forecast, millions of units. 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.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Since the onset of the global economic crisis most of us have been cutting back to save cash wherever we can. Part of the swing in culture has been a downturn in new car sales. Honda too has pinned its recovery hopes on green cars, pushing both hybrid and hydrogen fuel cell technology.