Nikkei. Global sales of new cars will likely drop 14% to 55 million units in 2009, Nissan President and CEO Carlos Ghosn said at the Global Competitiveness Forum in Riyadh, Saudi Arabia.
Worldwide new car sales dropped 9% in 2008.
Ghosn also predicted that it will take at least seven years for global new-car sales to recover to their peak level of 69 million units, seen in 2007. Ghosn said the current economic slump will drag on, forecasting that new-car sales will not start growing until 2011.
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