Senior Director of Global Light-Vehicle Forecasting
For those wondering where new light-vehicle sales are likely to head in the US this year and next, IHS released a report last month forecasting the numbers. That total is expected to reach 16.4 million this year and climb up to 17.4 million two years later in 2017. That will be driven primarily by increasing consumer confidence and cheap financing. Economic recovery is bringing a positive spirit back to making big-ticket purchases while having been hesitant in the past.
Improving Housing Market, Low Interest Rates and Moderate Fuel Prices Also Driving Sales:
New models with Internet-connected dashboards and fuel-saving engines also are luring buyers.
Forecast Raised from 16.25M As Delivery Pace Exceeded Expectations Recently:
Last year, US consumer purchased 15.6 million cars and light trucks, IHS said.
Global Sales Expected to Climb This Year to 85.7M from 83.3M Last Year:
China should drive growth by reaching 23.3M in sales and 24.9M next year.