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Auto Sales Soon To Rise, 'Globally'!
The firm"s director was of the view that the global market will see the rise by 6% against the projected 11% for 2012. He made this observation based on the growing economy in North America and Western Europe countries. He said there has been a rise in the world wide auto segment with 90 million -91 million in another two years which may surpass 100 million by 2015. The split up expectation of countries is that China would prove its mettle by delivering 6 million units in this year than the US, making the new units of 19 million with 11%growth. Incidentally, China"s projected new units are still lower than its 2009 growth of 33% and 48% in 2008. There has been from 8.8 million units of 2008, and 17.2 million units of 2010, when the country reached the peak in terms of volume pushing behind the US, Brazil, Germany and Japan. He made the forecast that by 2015, India will emerge as the third largest in auto industry while Brazil will reach the fourth slot.
The report makes the previous history of China, when in 2007 the country"s market got just 8.1 million units of vehicles. This constituted 50% of the volume attained by the US then. However, in 2009, China reached the mark of 13 million whereas there was a fall in the volume of the US to 10.4 million units(the worst ever for the country in thirty years). The difference lies on the size of the cars, as China has been promoting small cars while the US concentrates more on SUVs and pick ups. The US market had 14.5% of luxury autos from the passenger car market in last year which is expected to rise to 17% in another five years which will not include pick-ups.
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