Global car sales are expected to grow about 6% to 65m vehicles in 2010 as the financial crisis ends, helping demand revive, Hyundai Motor Group’s research unit said on Friday.

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But a full recovery will not be possible until after 2011 as governments are set to scrap stimulus measures to boost car demand and oil prices are rising, the Korea Automotive Research Institute (KARI) said in a statement cited by Reuters.


“Business conditions for the auto industry in 2010 are expected to improve from this year when it faced the worst circumstances,” it added.


Hyundai Motor last week said it expected global car demand to grow up to 5% next year on an economic recovery.

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