LMC: Global Car Sales Will Grow 2% in 2018
Global car sales this year will expand 2% to 97.5 million units, as gains in most markets offset a slight dip in North America, says LMC Automotive’s Jeff Schuster.
Global car sales this year will expand 2% to 97.5 million units, as a dip of less than 1% in North America is offset by gains elsewhere, says Jeff Schuster, president of global vehicle forecasting for LMC Automotive.
Schuster notes that first-half car sales in the U.S. grew nearly 2%, outperforming expectations because of increased sales to fleets. But he expects a slower pace in the second half, even though production will rise as new factories and products come on line.
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