Mexican Media Brands
U.S. Car Sales Forecast to Grow 2% in 2015
Growth in demand for cars and light trucks in the U.S. will slow from 8% last year to 5% in 2014 and 2% in 2015, predicts LMC Automotive.
#economics
Share
Growth in demand for cars and light trucks in the U.S. will slow from 8% last year to 5% in 2014 and 2% in 2015, predicts LMC Automotive.
Volume will advance from 16.4 million this year to 17 million by 2018 and a record 17.5 million in 2020, chief automotive forecaster Jeff Schuster tells attendees at a Standard & Poor's auto conference in New York City.
A flood of new and updated products will fuel sales growth, LMC says. The firm figures the next three years will bring 36 new models, 75 new nameplates, 200 redesigns and 210 vehicle facelifts to the American market.
S&P expects "robust" car sales into 2015. But it cautions that an eventual rise in interest rates could moderate demand. It estimates that every 1 percentage point increase in interest rates would cut annual car sales by as many as 300,000 units.
RELATED CONTENT
-
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.
-
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.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.