Car Sales: Global Slowdown, Record Levels

​Worldwide vehicle sales will reach 95.8 million in 2017 and 98.2 million in 2018 before passing the 100 million milestone in 2019. Yet the global sales growth rate is down. We expect +2.1% in 2017 and +2.5% in 2018, down from to +4.7% in 2016. While the slowing pace is due to a decline in U.S. and UK, China will remain the largest contributor to sales growth with India coming in second.