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Scotia calls for automotive sales recovery in 2012

Tags: Autos

Japanese car companies are hoping 2012 brings better results after the March tsunami delayed global production and sluggish consumer spending crimped sales.

Carlos Gomes, Senior Economist and Auto Specialist at Scotia Economics, tells BNN 2012 looks bright for car sales -- with growth economies leading the way.

"We're expecting record high [auto sales] next year driven by improving volumes in emerging markets," Gomes says.

Gomes also says part of any 2012 recovery will come from the recovery of the Japanese auto sector, where sales declined approximately 20 percent after the tsunami.

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