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
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
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.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.