The car industry grew to a record size in 2011, despite weathering a year that began with Japan’s earthquake and ended with a gathering sovereign debt crisis in the eurozone.
Both IHS Automotive and LMC Automotive (formerly JD Power Automotive Forecasting) estimate that sales of cars and light trucks will have grown by about 4 per cent this year to 75m.
Forecasters are predicting that car sales and production will grow further next year, but have trimmed their estimates because of worries about the impact Europe’s debt crisis will have on demand.
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