Homepage | Contact | Chinese
Suppliers Foreign Invested Standards Auto Models Statistics About Us Order Form Payment
      Member Login
1

  Latest News

1
  Latest Exhibition
1
  Latest Data
Growth in China support stable outlook for auto industry: Moody's

 

LONDON - The outlook for global automobile manufactures remains stable, as the continuous market growth in China and the recovery in Western Europe will offset the ease of demand in some emerging market, said Moody's Investors Service in a report on Thursday

 

 

"We revised our growth forecasts for global light vehicle sales to 3.2 percent in 2014, from 4.8 percent earlier, mainly because of lower demand levels this year in emerging markets, namely Brazil, Russia and India," said Falk Frey, senior vice president at Moody's Corporate Finance Group via its industry assessment report.

But the credit rating company expects China to continue posting relatively robust growth of around 8 percent in its auto market over the next two years, while Western European light vehicles sales will "chug along" at about 2 percent growth on their path to recovery from pre-financial crisis levels, said Frey.

The credit rating company also projects a 4-percent increase in light vehicles demand in the US market this year, down from 7.5 percent in 2013.

Moody's noted that it would consider revising the outlook to positive if the rating agency's global light vehicle growth forecast exceeds 5 percent in the next two years.

Otherwise, if global volume growth falls below 2 percent, alongside with pricing declines and capacity utilization rates deteriorate, the credit rating company would revise the outlook to negative.

China, US car buyers trust contrasting sources

 

 

 
Wheelon Co., CNAIC All rights reserved. 
Add:No.33, Fucheng Road, Haidian Dist., Beijing P.R. China 100048
Tel:+86-10-88561400 88560270        Fax: +86-10-88561149
web:http://www.wheelon.net        e-mail: wheelon_info@yahoo.com, wheelon@126.com
Co-organizers: China Association of Automobile Manufacturers
Society of Automotive Engineers of China