Report: 'New' economies to boost global auto sales

Demand from BRICS nations to keep growth momentum ticking

Emerging economies, especially China, will be the largest market for light vehicles in the next five to 10 years, according to a report from IHS Automotive Consulting.

The report projects that the Chinese market will account for about 30 percent of vehicles sold globally in 2020, a surge from 23 percent in 2012.