IHS Forecasts Global Automotive Sales to Reach 88.6M in 2015 with 2.4% Growth

Automotive sales are expected to continue their recovery and growth in 2015, according to a forecast by IHS Inc. The firm predicts that global automotive sales will reach 88.6 million, a 2.4% increase over 2014. This marks the fifth consecutive year of sales growth since the Great Recession in 2009. However, a slowdown is anticipated in the high-potential BRIC markets, with only China expected to see increased sales, albeit at a slower pace than in 2014.

Key Takeaways:

• IHS forecasts global automotive sales to reach 88.6 million in 2015, a 2.4% increase over 2014.
• This marks the fifth consecutive year of sales growth since the Great Recession in 2009.
• The North American market is expected to continue its upswing, though the pace differs by country.
• The Russian car market contraction remains a significant wild card, impacting the European market throughout the year.
• Publicly traded companies in the space include Fiat Chrysler, Fiat S.p.A., Ford, General Motors, Honda, Nissan, Toyota, and Volkswagen.
• China is expected to lead the sector's volume growth, but at a slower pace than in 2014.
• The European Central Bank's commitment to Quantitative Easing will help countries in the region recover at a rate of 2.5% to 3%.

Statistics:

• Global automotive sales forecast for 2015: 88.6 million.
• Growth rate over 2014: 2.4%.
• Years of consecutive sales growth since the Great Recession in 2009: 5.
• Publicly traded companies in the space: 8.
• Russian car market contraction impact on the European market: significant.
• Countries in the region expected to recover at a rate of 2.5% to 3%: multiple.
• Date of the Great Recession low point: 2009.

Sources:

• TheFlyOnTheWall.com
• IHS Inc. (IHS)