Filed under: China, Etc., Euro
Asia auto sales set to eclipse Europe by 2009
A J.D. Power and Associates study reveals that before the end of the decade, vehicle sales in the Asia Pacific region will surpass those in the European arena – the largest market in the world.Although the report is nothing surprising considering the booming market in China and the surrounding economies, the figures are astounding. Projected auto sales in Europe through the end of the year will amount to 21.5 million, while sales in the Asia-Pacific realm will wind up around 19.2 million. However, by 2009, our neighbors to the west (or east, depending on your perspective) will be buying up over 23 million vehicles, compared to Europe, whose sales are projected to be around 22.7 million.
Investment opportunities are abound, so place your bets now and it's likely that you won't be disappointed.
The full report, complete with pretty charts, is available by clicking the "Read" link below.
[Source: J.D. Power and Associates]
Reader Comments (Page 1 of 1)
SPG 3:40PM (8/27/2007)
Proof that now more then ever we need mass market electric cars. Not cute bubbles but everything from sub-compacts to heavy duty trucks.
Before we're out of oil and ozone.
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mondial 10:56PM (8/27/2007)
The future is in Asia, not Europe, the USA, and much less elsewhere.
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