Strong growth predicted for global auto sales

IHS Market is predicting a strong growth forecast for global automotive sales this year, rising 9% to 83.4 million, increasing another 5% in 2022 to 86.9 million, and then up 4% in 2023 to 89.7 million. Europe is expected to experience the strongest growth, barring no unexpected twists. Fitch Solutions has also projected a similar forecast. “Europe will be the best performing region in 2021 with (a) projected vehicles sales growth of 10.8%,” said Fitch Solutions in a report. (Source: Forbes) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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