Report: Global auto sales to hit 100 Million by 2018

Global auto sales for 2013 are estimated to be around 82 million. Automakers around the world have been enjoying growth and 2013 has been a very good year compared to recession years few years ago.

More good news are ahead for automakers as the global auto sales for 2018 are already expected to reach 100 Million units. That’s an additional 21 million units compared to the 2013 numbers and an increase 22% over the next four years.

That means opportunity to increase sales for every automaker around the globe.

U.S. market will continue to increase more radically with the main growth coming from China, Brazil, Thailand and Chile. Europe also is predicted to rebound.

“We are going to finally see economic growth in Europe,” said IHS economist Charles Chesbrough. “Europe is probably at the very end of their unemployment losses.”

For the past several years, automotive manufacturers, including the Detroit Three, have lost money in Europe and finally they will hopefully soon see the market recover.

Just for 2014 there are around 57 new cars and trucks making their debuts to support the growth.

via: Detroit Free Press


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