Passenger car demand in the BRIC (Brazil, Russia, India and China) markets grew last year to more than 11.5m units. The lowest growth was 11% in India, while Russia saw the fastest rate at 31%.
China is the largest of BRIC market with over 6m cars sold in 2007. Russia is the second largest having broken through the 2m barrier for the first time last year.
Demand for new vehicles is rising as a result of good economic conditions and rising incomes, but also because demand for used car imports is falling as countries set tougher environmental and safety standards.
In the long term, domestic manufacturers will only produce one in three vehicles in BRIC countires.
Sale forecast is 20million cars sold in 2015 in the four BRIC markets, which will mean demand will have more than doubled within 10 years.
A large proportion of cars sold will be low-cost models.