Mexican Media Brands
IHS Raises U.S. Sales Forecast
IHS Automotive predicts car and light truck sales in the U.S. will reach 16.4 million this year, up from its previous forecast of 16.25 million.
#economics
Share
IHS Automotive predicts car and light truck sales in the U.S. will reach 16.4 million this year, up from its previous forecast of 16.25 million. Last year's volume was 15.6 million.
IHS says sales are growing faster than expected because of rising consumer confidence, low-cost financing, a strengthening housing market, moderate fuel prices and a bevy of models with new electronic features.
The firm expects sales in the U.S. to zoom to 17.4 million in 2015.
IHS forecasts global passenger vehicle sales will expand nearly 3% to 85.7 million units in 2014. It anticipates volume in China will rise from 21.4 million in 2013 to 23.3 million this year and 24.9 million in 2015.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.