George Magliano, Insight’s North American automotive research director, said at the NADA that emerging markets such as India and China will count for half of all car sales by 2012.
At this moment, Western Europe and the US account for 75 per cent of all global car sales but with the recession in the US and slowly growing market in Western Europe, the fast growth recorded by emerging markets will change how the pie of car sales is shared in the world.
China, India, but also Brazil, Russia and Eastern Europe will be the winner. According to Insight’s forcasting, car makers will build 82 million vehicles in 2012.
Source: Just Auto (registration required)
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