Sales of new autos, a bright spot for the U.S. in 2012, will grow further this year as an improving economy and demand for pickups and for mid-sized cars boosts registrations 6.6 percent, according to R.L. Polk & Co. About 15.
Hyundai and smaller affiliate Kia forecast their slowest sales growth in seven years as a slowing global economy and strengthening won saps demand. The two companies plan combined sales to rise 4.1 percent to 7.
German auto sales fell 2.9 percent in 2012 to their lowest level in two years, in line with a trend of weaker car demand in other key markets in Europe. New car registrations in Europe's biggest economy dropped 16.
Opel/Vauxhall is confident it can produce its new Adam minicar in Germany and still make money. "The way the car has been constructed gives us the possibility to build in Germany and still be profitable," Opel sales and marketing boss Alfred Rieck told Automotive News Europe.