Mexican Media Brands
GM Bullish on U.S. Car Market
General Motors Co. expects the American passenger-vehicle market to total between 16.5 million and 17 million units this year compared with 16.5 million in 2014.
#economics
Share
General Motors Co. expects the American passenger-vehicle market to total between 16.5 million and 17 million units this year compared with 16.5 million in 2014.
Mary Barra
"We believe there is still plenty of room for the auto industry to grow," says CEO Mary Barra. She says an improving job market, low fuel prices and recovering home prices will stimulate demand. The last time the U.S. car market reached 17 million was in 2001.
Barra reports that young and first-time buyers are returning to the car market. She expects the trend to accelerate as the country's economic fundamentals strengthen. GM predicts the U.S. could create as many as 200,000 new jobs per month in 2015.
Many analysts have opined that young consumers are simply less interested in buying cars. Others says interest is there but has been thwarted by a weak job market that left would-be buyers with insufficient income.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.