Global sales of cars could increase by 3% in 2010, according to a study
Global automotive sales growth could reach 3% next year, laying the foundation for a better year than 2011 for this sector, shows a study by Scotia Economics said.
China, the world's largest car market starting this year, will support this growth, followed by India and Brazil, but easier access to credit would help also, and the United States, which could grew at over 10% of car sales.
"World car sales continue to benefit from recovery plans and support the economy, already the origin return sector, while access to car loans will improve worldwide", said Carlos Gomes, economist at Scotia Economics.
"In fact, we estimate that the car loan market in key global markets has reached a critical point in the first quarter of 2009 and that will improve gradually," he added.
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