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SEOUL - Global car sales are expected to grow about 6 percent to 65 million vehicles in 2010 as a financial crisis ends, helping demand revive, Hyundai Motor Group's research body said on Friday.
But a full recovery will not be possible until after 2011 as governments are set to scrap stimulus measures to boost car demand and oil prices are rising, the Korea Automotive Research Institute (KARI) said in a statement.
"Business conditions for the auto industry in 2010 are expected to improve from this year when it faced the worst
circumstances," said KARI, the research body of the world's No.4 auto maker based on sales in the first half of this year.
On Oct. 22, a company executive at Hyundai Motor Co, South Korea's top car maker, said it expected global car demand to grow up to 5 percent next year on an economic recovery.
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