Global vehicle sales should rebound 5% next year according to a new forecast.
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The IHS Global Insight research group said sales in 2009 were likely to plunge 14%, after a 5.0% decline in 2007-2008, before rising by 5.0% in 2010 and by double digits in 2011, media reports said.
IHS Global Insight chief automobile economist Nigel Griffiths was quoted as saying the global economy and the auto market were no longer in free fall, with a pickup in sales and production expected to become evident around the middle of 2010.
Government support measures such as scrappage incentives would aid the turnaround, according to the study.
Such measures should result in sales worldwide of 2.5m cars this year, or 5% of the total.
Western Europe were forecast down 10% to 12.2m units this year and off 6.55% to 11.4m in 2010 because a sustained recovery is not expected before the second half.
The study saw a flattening out in North America with a modest recovery in the second half of this year.
IHS Global Insight forecast sales of 11.2-11.3m there next year after 9.7m this year and 13m in 2008.
