The world light vehicle market is forecast to hit a new record in 2013, driven higher by recovering demand in North America and still buoyant sales in China.
Global light vehicle sales this year are projected by LMC Automotive to hit 83.4m units, some 4% ahead of last year – which was also a record tally.
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LMC Automotive analyst Pete Kelly told an industry conference in London this week that the global auto industry is continuing to experience mixed fortunes. “After a period of decelerating global economic growth, recovery gets going in 2014,” he said. “The US economy will be picking up further and we’ll see the end of economic contraction in the eurozone. However, we’re still in a period of fragile or weak growth in some places. Outside of China, it’s looking like a mixed picture for many emerging markets in 2014.”
