Recovery in higher gear

Auto sales are rebounding from recent year lows, but at the same time, volumes remain well below their historical peak. Demand has shifted decisively toward SUVs and LCVs, while mid-segment sedans are lagging. Entry of Hyundai, Kia and Haval has certainly shaken up the volumetric market shares of the old leaders. The upcoming recovery will be driven by new models and niches.