SEOUL Oct 18 European vehicle sales are likely
to grow in 2014 for the first time in seven years, though
unemployment and the lingering impact of sovereign debt problems
will limit the extent, said a think tank affiliated with Hyundai
The Korea Automotive Research Institute in a report released
on Friday said it projects European vehicle sales will rise 2.5
percent to 13.87 million units next year, compared with a
decline of 3.8 percent to 13.53 million this year.
The think tank said it expects a recovery in U.S. vehicle
sales to slow in 2014 due to a likely rise in central bank
interest rates. It projects U.S. sales to rise 3.2 percent to
16.1 million vehicles, compared with a rise of 7.6 percent to
15.6 million this year.
The think tank said Chinese demand is likely to push global
vehicle sale growth to 4 percent next year from 3 percent this