global car sales

6:53 pm
Tue January 3, 2012

Global auto sales to outpace economy; luxury segment to outpace non-luxury

The auto industry will grow at a faster pace than the economy as a whole in 2012. 

A new report by R.L. Polk says that faster pace will be largely driven by demand for cars in China.

Last year, the Chinese government ended subsidies for fuel-efficient cars, and as a result, car sales in that country declined from the breakneck pace of 2010.   

But Anthony Pratt of Polk says the Chinese middle class is still growing, as people move by the millions from the countryside into urban areas.   

Read more