Record global auto sales expected in 2017: Scotiabank

TORONTO, Jan. 19, 2017 /CNW/ – Global car sales accelerated sharply in the final months of 2016, with sales supported by stronger global economic growth. Gains are expected to continue, albeit more slowly over the coming year with purchases increasing to an eighth consecutive annual record. Increased replacement demand in the U.S. will be complemented by a renewed sales upturn in most emerging markets; however, China is the exception, with an expected slowdown.

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