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You are here: Home / News / IHS Markit Predicts Global Auto Sales Set to Reach 93.5 Million in 2017

IHS Markit Predicts Global Auto Sales Set to Reach 93.5 Million in 2017

February 21, 2017 By CollisionWeek Editor

While global sales are projected to increase, North America is projected to have a slight decline. Report cautions of risk of downtown in mature markets.

According to the most recent forecast from IHS Markit (NASDAQ:INFO), total 2017 global light vehicle sales will reach 93.5 million units, a growth rate of 1.5 percent over 2016. However, industry risk in mature markets is at the highest level it has been since the Lehman Brothers collapse and global industry downturn from 2008 through 2010, and will be a key factor for the near future. Engine propulsion options are expected to have an influence

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Filed Under: News Tagged With: Auto Sales, IHS Markit

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