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Worldwide Auto Sales 2008 The Strong Get Weaker

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A more or less awful outlook for auto sales. By Bertel Schmitt, CEO Sinamotive Group (HK) Limited.

J.D. Power and Associates, the trusted authority when it comes to unbiased worldwide automotive data, has released their forecast for worldwide 2008 auto sales. Bottom line: It will be bloody.

All corners of the world will be affected by the slowdown. But not all corners will see equally dismal sales. The mature and saturated markets will be hit...

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Author Bertel Schmitt is CEO of Hongkong, Beijing, and Hamburg based Sinamotive, a company specialized in sourcing low cost high quality auto parts in China. The company is backed by U.S. venture capital. Mr. Schmitt is looking back at a 30 year career as a marketing consultant to Volkswagen AG. Schmitt also is author of a blog about the Chinese auto industry.

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