Polk Global Vehicle Sales Estimated to Reach 77.7 Million Units in 2012, and 96.3 Million in 2016

The analyst gurus at R. L. Polk & Co have issued a new forecast for global vehicle sales in 2012. The automotive market intelligence firm predicts that sales are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, thanks to the global economy riding out the European debt crisis and consumers returning to showrooms.

However, this does not mean that the European car market will recover. On the contrary, Polk estimates that Europe will be the only region where sales will be flat or slightly down to just over 19 million units due to the tight financial plans enforced by most governments.

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