27 Jun '16, 3pm

JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe

JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe 27 June 2016 JATO Dynamics reports that 20.44 million LCVs and passenger car units were sold across all segments globally in Q1 2016—a 2.8% increase (558,700 more units) on the same period in 2015—largely driven by growth in the Chinese and European markets. The SUV boom continued, with seven of the eight regions analyzed posting double digit growth. The popularity of SUVs in China has been an ongoing source of growth, and the trend continued last quarter, with the country accounting for 36% of total sales in Q1 2016. Sales of SUVs in Europe (including Russia and Turkey) gave the overall market a boost with 20% growth and 1.11 million units sold. SUVs continued to dominate across much of the rest of the world in Q1 2016, with the category increasing sales by 23% compared with the same period ...

Full article: http://www.greencarcongress.com/2016/06/20160627-jato.html

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