2014-02-10 00:37:02 - United States Autos Report Q1 2014 - a new market research report on companiesandmarkets.com
US light vehicle sales in November remained on course to meet the forecast of 8.2% growth to 15.68mn units for 2013. Thanksgiving promotions and a weekend to end the sales month contributed to growth of 8.9% year-on-year (y-o-y), taking 11M13 growth to 8.4%. Analysts believe this is likely to be the last year of such substantial growth, however, as the market gets nearer to its natural 16mn units mark and the first signs of inventory build-up pose a risk to growth in 2014.
Looking ahead, positive data from the residential housing sector, as part of an increasingly bullish macroeconomic picture, suggests that the truck segment will carry its growth into 2014 (see ´Weekly Data Analysis: Positive Housing, Manufacturing And Consumer Data´,
December 2). We forecast 5.3% growth in light truck sales in 2014, which is still robust by historical standards, despite representing a slowdown from current levels. We also expect slightly slower growth of 2.0% for the passenger car segment in 2014, following estimated growth of 6.5% in 2013. Combined, these 2014 segment projections take the US light vehicle market back above 16mn units for the first time since 2007.
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