Automotive Forecast

The April YTD data shows that increased demand in Asia and the NAFTA region helped push global automotive sales.

Automotive sales increased approximately 13% year-over-year in April due to several incentives and an improving economy
All regions had a significant (double digits) sales increase for the first four months except for Central and Eastern Europe
For the rest of the year, the growth rates are forecasted to decline based on the expiration of several scrappage programs in Western Europe and lower overall demand

Find out more by downloading the free Global Passenger Vehicle Market Monthly Forecast Report.

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Posted by Ulrich Winzen, Chief Analyst, Polk, Essen, Germany (05.27.2010)