According to South Korean media reports, the global auto market will reach its largest scale in history next year. The development of the automotive market in the US and Europe is passivated, while emerging markets such as China and India will dominate the car market and usher in a new round of growth.
According to the Korea Automobile Industry Research Institute, "According to the 2015 auto market report, sales of the global auto market will increase by 3.9% year-on-year, with an overall scale of 87.10 million units."
It is worth mentioning that the growth of global auto market sales next year will be mainly driven by emerging markets such as China and India.
For the first time, the size of China's auto market will exceed 20 million units, reaching 20.78 million units, an increase of 8.6% year-on-year. The size of the Indian car market will reach 2.72 million, an increase of 7.8%.
In contrast, the auto market in the US and Europe will slow down due to sluggish economic recovery. The size of the US auto market will reach 16.83 million units, a slight increase of 2.0% year-on-year. Sales in the European market will reach 15.08 million units, a year-on-year increase of 3.5%.
Due to the turmoil in Russia and abroad, car sales will decrease for the third consecutive year. The market size is about 2.2 million units, a year-on-year decrease of 11.3%.
In the Korean auto market, with the economic recovery and the listing of new cars at home and abroad, sales will increase by 2.0% year-on-year to 1.67 million units.
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