11 analysts predict higher vehicle sales for US market in 2012

Article by Christian A., on December 26, 2011

Forecasts from 11 independent analysts reveal that U.S. automobile sales will be higher in 2012, thanks to better credit availability, urgency to replace old vehicles, new products and rising employment. The sales estimates ranged from Wells Fargo Securities' 13 million light vehicles to Morgan Stanley's 14 million.

The average outlook of 13.6 million would be higher by 6 or 7 percent from the sales this year, which is expected to finish from 12.7 to 12.8 million units. The 1 million unit spread in predictions is narrower than the 1.5 million spread of seven analysts making the 2011 forecasts a year ago.

The analysts anticipate that the economic status next year would be just as unsettling and disruptive as in 2011. However, they stated that American buyers do not scare as easily as they did three years ago, the time when the financial crisis hit.

According to Alec Gutierrez, senior market analyst for Kelley Blue Book, buyers who have experienced the crisis have been less likely to change automobile-buying behavior based on economic news whether bad or good. He pointed out the change in summer during the congressional debt-ceiling standoff, which triggered a reduction in the U.S. credit rating. He related that the Dow dropped 1,500 points, but vehicle sales remained consistent and smooth. He added that the American buyer has seen "so much gone wrong," adding that if the consumers have to purchase a car, "they will."

Jeff Schuster, top forecaster of the Americas for LMC Automotive, commented that economic "ups and downs" will not "greatly alter" the vehicle sales next year. He estimates sales of 13.8 million. The Americas for LMC Automotive is formerly a unit of J.D. Power and Associates. [source: Autonews]

Topics: united states, sales

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries