But the poorer performance on the markets of most developed emerging economies is probably of temporarily nature. China is likely to post the growth already in September, when the car makers start offering new models and launch special promotion actions. The sales will step up in the long-term, but their pace won’t be so accelerated, the analysts predict.
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Auto Market Crisis Is Near?
August was the most disappointing month in the industry's history, the experts still don't know whether the recovery will happen this year
A drop in the car sales was observed in August on BRIC countries market - in China (the first decline on China’s automobile market from 2005), India (-1.41 percent), Russia (-0.15 percent), though Brazil posted the healthy growth of 4 percent.
Automobile sales in Western Europe sank 16 percent in August.
The decline in the BRIC sales of cars doesn’t inspire optimism. It signals the global automobile community is losing the last hope to sort out the crisis. Leaders of biggest car giants, including GM, Ford, Chrysler, Toyota, Renault-Nissan, tend to speak from time to time about the problems on traditional markets and their hopes for the business development in BRIC.
But the poorer performance on the markets of most developed emerging economies is probably of temporarily nature. China is likely to post the growth already in September, when the car makers start offering new models and launch special promotion actions. The sales will step up in the long-term, but their pace won’t be so accelerated, the analysts predict.
But the poorer performance on the markets of most developed emerging economies is probably of temporarily nature. China is likely to post the growth already in September, when the car makers start offering new models and launch special promotion actions. The sales will step up in the long-term, but their pace won’t be so accelerated, the analysts predict.
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