The global auto industry has seen sales down for twelve months in a row now its worst performance since the global financial crisis.<br />According to the Korea Automobile Manufacturers Association, around seven-point-two million cars were sold worldwide in August,... a three-point-nine percent decrease from a year earlier.<br />The main reason, it said, was weak demand in emerging economies such as China and India.<br />For the year, UK researchers at LMC Automotive estimate total sale through August at 59 million, an on-year drop of 5-point-9 percent.<br />The figures don't bode well for Korean carmakers, which rely heavily on exports.<br />
