DETROIT - global car sales 6 percent in 2011 to a record 76.5 million new light vehicles, j.d power and Associates Tuesday, said.
Auto sales in the so-called emerging markets made more than half of global sales for the first time in 2010, said j.d. power that tracks auto sales.
2010 Revenue reached a record 72 million beating the previous mark of 70 million set in 2007 a global recession in sales, cut car California-based JD Power said.
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J.d. power Director of global forecasting Jeff Schuster said the cooling of car sales growth in the emerging markets in 2011 is the main reason, global growth is only 6 percent this year, compared with a projected growth of 11 percent in 2012, as Western Europe and North America are expected to rebound.
After experiencing a drop of 2 percent in sales in the year 2011, will restore Europe, continued strong growth in 2012, that helps global boost Schuster said car sales on 85 million, in a telephone interview.
Worldwide auto market is seen climbing to 90 91 million in 2013 and surpassing 100 million new vehicle sales in the year 2015, said Schuster.
China, which will sell No. 1 car market, 6 million more vehicles in 2011 as no. 2 USA, said j.d power.
China is 19 million new vehicles the forecast 2011 for an increase of 11 percentage-down by 33 percent to sell growth in 2009 and 48 percent in 2008. Chinese turnover from 8.8 million in 2008 to 17.2 million in 2010 rose, said j.d. power.
General Motors co. Chief Executive Daniel Akerson said on Tuesday in Beijing: "China is a unique market sitting in what I think this is the highest growth area in the world for the next 10, 20, 30 years."
South America
In 2010 the auto market in sales volume, was followed by the United States, Japan, Brazil, Germany China, said Schuster.
2015 Is India will have the third largest market and he predicted fourth, Brazil.
A moderation of the sharp sales in recent years show increases South American economies, Schuster said. South American GDP growth are 4 to 5 percent in 2011.
"The main short-term risks of the region include rising inflation and continuing monetary tightening a sudden reversal in investor confidence and a possible credit bubble in Brazil, the largest car market in the region with nearly 75 percent of sales", Schuster said.
Only four years ago was China's car market 8.1 million vehicles sold half the US market. 2009 China was market which top at 13 million sales than the US market dropped to 10.4 million vehicles, the worst result for almost three decades.
China sales in 2010 and 2011 are still nearly all smaller vehicles while half are US market sales in more profitable sports utility vehicles and pickup trucks.
Schuster said profitable luxury cars were less than 4 percent of the entire Chinese market in 2010 and it will grow slowly over the next 5 percent.
Meanwhile in the US market, luxury cars were approximately 14.5 percent of the automobile market in 2010, a share rising to 17 percent in five years, including pickup trucks.
Copyright 2011 Thomson Reuters.
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