A think tank affiliated with the Hyundai Motor Group said in a study that vehicle sales are likely to grow in 2014 for the first time in seven years in the European region.
Though unemployment and the lingering impact of sovereign debt problems will limit the extent, European vehicle sales will rise 2.5% to 13.87 million units next year, the Korea Automotive Research Institute said in a report published last week. The rise compares with a forecast decline of 3.8% to 13.53 million this year.
Menawhile, the think tank said it expects the recovery in U.S. vehicle sales to slow in 2014 due to a likely rise in central bank interest rates. It projects U.S. sales to rise 3.2 % to 16.1 million vehicles, compared with an increase of 7.6 % to 15.6 million this year. The report also said Chinese demand is likely to push global vehicle sale growth to 4% next year from 3% this year.
Via Automotive News Europe
by Aurel Niculescu
) - Monday, October 21st, 2013 - filed under Industry
, Sales Reports
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