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
-
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.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.