US auto sales seen to hit 16.4 million units in 2014

Article by Christian A., on September 19, 2014

Auto sales in the United States are growing faster than expected, buoyed by surging consumer confidence and cheap financing, according to consultant IHS Automotive said. US auto sales are expected to hit 16.4 million this year and 17.4 million in 2017, up from Last year, Americans purchased 15.6 million cars and light truck in 2013.

Henner Lehne, IHS senior director of global light-vehicle forecasting, remarked that the “recovery's positive spirit” have prompted customers to make big-ticket purchases. He also noted the improving housing market that has boosted demand for light vehicles as well as a good business climate and good credit availability.

Customers are also attracted by low interest rates, moderate fuel prices and new connected models powered by fuel-saving engines – prompting carmakers to increase production at their plants.

In fact, carmakers built 13 percent more cars and light trucks in the US in July to a 12.85-million annual growth, data from the Federal Reserve show. Lehne said IHS expects global auto sales to surge 2.9 percent this year to 85.7 million – as driven by growth in China of around 1.9 million for light vehicle sales to 23.3 million units this year.

Topics: united states, sales

If you liked the article, share on:

Comments

Recommended

Another day, another record. Is the new Dodge Challenger SRT Demon the fastest car to date? According to some sources, the Dodge Challenger SRT Demon had just beaten the Tesla...
by - April 24, 2017
Following in the footsteps of the McLaren 570S, 540C and 570GT is the newest addition to the McLaren Sports Series -- the roofless 570S Spider. McLaren 570S was rolled out...
by - April 24, 2017
The British automaker Lotus is noted for releasing low production, limited editions of its sports car lineage. Now the Hethel-based automobile manufacturer is back at it again with its latest...
by - April 24, 2017
Earlier this week, the revamped 2018 Mercedes-Benz S-Class was revealed ahead of the 2017 Shanghai Auto Show. As expected, Mercedes Benz’s flagship model is now offered in several variants including...
by - April 24, 2017
Well, this is clearly not good news for everyone. Ever since the new BMW M4 CS rolled out in Shanghai last week, several reports about its limited production have quickly...
by - April 24, 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