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Worldwide vehicle sales expected to continue growing

Published by Steve Coleman on August 02, 2011

Domestic sales may be flat, but global interest in a new vehicle is on the rise.

The global manufacturing industry rose 21 per cent in 2010 to reach a value of $1.184 trillion and the numbers are only going to go up, says a report from Market Research.com.

By 2015, the auto industry is expected to produce $1.654 trillion in vehicles, ranging from mopeds to transport trucks and buses. Predictions say motorcycle, car and truck makers will put 39.6 per cent more new vehicles on the road between 2010 and 2015.

Overall, the industry grew 15.3 per cent in 2010 to reach a volume of 126.2 million units. Between 2010 and 2015, volume is expected to grow one-third to 168.2 million vehicles. Cars will make up the largest part of sales, 61.5 per cent of vehicles sold.

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