China and U.S. Combined to Reach Total Car Sales of 40 Million Units

As Chinese and American car sales warm up in 2014, the world market expects China's total car sales (including passenger cars and commercial cars) to grow 8% to 10% and land at 24 million units, and American car sales  to reach 16 million units. With the lowering global fuel price (dropping by 25%), global new car sales in 2015 is likely to continue growing. The warm up in Chinese and American car sales brings up the momentum of downstream auto parts supply chain including transmission system, metal fastener, sheet metal, tire pressure detector, car switch, active and passive safely, and other after-market and OEM products.