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Report: 'New' economies to boost global auto sales

By Li Fusheng | China Daily | Updated: 2014-07-21 07:16

Demand from BRICS nations to keep growth momentum ticking

Emerging economies, especially China, will be the largest market for light vehicles in the next five to 10 years, according to a report from IHS Automotive Consulting.

The report projects that the Chinese market will account for about 30 percent of vehicles sold globally in 2020, a surge from 23 percent in 2012.

Report: 'New' economies to boost global auto sales

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