CSM Worldwide, the market leader in automotive forecasting and market intelligence, expects the Asian automotive market to expand to nearly 21.2 million units by 2011. According to its new Global Light Vehicle Sales Forecast, this volume translates to a cumulative annual growth rate of 5.4 percent.
“The power balance in Asia will drastically change through the end of the decade,” says Hirofumi Yokoi, CSM Market Analyst, Asian Vehicle Forecasts. “China and Taiwan will dethrone Japan and Korea as the regional market share leader. South Asia will also be on track for robust growth.”
CSM’s new Global Light Vehicle Sales Forecast offers the CSM advantage of forecasting by vehicle. CSM’s report focuses on the comparative strengths and weaknesses of one vehicle program versus another, a valuable tool for OEMs and their suppliers.
“Our new sales forecast leverages the capabilities of the whole organization, from our understanding of global economics to our knowledge of technology trends and OEM strategy,” said Craig Cather, president and CEO. “This is a sales forecast that only CSM could produce, and we’re pleased to offer this new level of insight and detail to the OEM and supplier communities.“
The CSM Global Light Vehicle Sales Forecast is available as an annual subscription with quarterly updates:
Other highlights in the CSM Global Light Vehicle Sales Forecast include:
CSM Worldwide (www.csmauto.com) supports more than 350 of the world's top automakers, suppliers and financial organizations with market intelligence and forecasting services. With corporate offices in metro Detroit, CSM Worldwide covers the global automotive environment from London, Frankfurt, Tokyo, Paris, Sao Paulo, Singapore, Shanghai, Bangalore, and Budapest.
