Europe vehicle sales to see first growth in 7 years in 2014 -Hyundai think tank

Reuters

SEOUL, Oct 18 (Reuters) - European vehicle sales are likelyto grow in 2014 for the first time in seven years, thoughunemployment and the lingering impact of sovereign debt problemswill limit the extent, said a think tank affiliated with HyundaiMotor Group.

The Korea Automotive Research Institute in a report releasedon Friday said it projects European vehicle sales will rise 2.5percent to 13.87 million units next year, compared with adecline of 3.8 percent to 13.53 million this year.

The think tank said it expects a recovery in U.S. vehiclesales to slow in 2014 due to a likely rise in central bankinterest rates. It projects U.S. sales to rise 3.2 percent to16.1 million vehicles, compared with a rise of 7.6 percent to15.6 million this year.

The think tank said Chinese demand is likely to push globalvehicle sale growth to 4 percent next year from 3 percent thisyear.

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