Automotive market set to change: IHS

Sep 11, 2012 | 03:53 PM | Chris Prentice

Tags  automotive, automotive aftermarket, Shane Norton, IHS Global Insight, Metals Service Center Institute, Chris Prentice

SCHAUMBURG, Ill. — The automotive market will reach pre-recession highs over the next four years, but the market landscape will be different when it does, according to IHS Global Insight Inc. senior consultant Shane Norton.

The Englewood, Colo.-based consultancy predicts that vehicle sales will reach 17.4 million in 2016, surpassing 2000’s high of 17.3 million units, and peak at 18 million in 2020, Norton said during a presentation at the Metals Service Center Institute’s economic forecast conference. ....

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