LMC: Global Car Sales Will Grow 2% in 2018

August 13, 2018 at 2:02 AM
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Global car sales this year will expand 2% to 97.5 million units, as a dip of less than 1% in North America is offset by gains elsewhere, says Jeff Schuster, president of global vehicle forecasting for LMC Automotive.

Schuster notes that first-half car sales in the U.S. grew nearly 2%, outperforming expectations because of increased sales to fleets. But he expects a slower pace in the second half, even though production will rise as new factories and products come on line.

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