United States auto sales off to a good start in 2015

Article by Christian A., on January 30, 2015

Auto sales in the United States started stronger this year than in 2014, according to forecasters. TrueCar.com and Kelley Blue Book expect US light-vehicle sales in January to be around 13 percent higher than last year. On the other hand, LMC Automotive is expecting a 12-percent jump. General Motors is seen to jump almost 20 percent while Chrysler and Ford are expected to log double-digit gains.

The demand for vehicles in the US could be dampened by in the final days of the month by a blizzard hitting Boston and the northeastern of the country, although the weather system turned out to be less severe than forecast in and around New York City.

Jeff Schuster, senior vice president of forecasting at LMC, said in a statement that the US auto industry is starting 2015 on autopilot with January growing as expected following a vigorous December. January 2015 also has one more selling day than January 2014, as well as one additional weekend.

The estimates mean that the seasonally adjusted annualized selling rate for January would be between 16.4 million and 16.6 million – on track with the total sales of 16.5 million posted in 2014.

The first month of the year typically produces the lowest volume, no thanks to weather conditions that hit the country this time of the year. Such, sales in January is rarely seen as an accurate indicator of the overall sales performance for the entire.

TrueCar analysts, however, expect a full-year 2014 sales of 17 million, citing solid economic expansion and consumer-friendly gasoline prices.

Eric Lyman, vice president of industry insights for TrueCar, said in a statement that other indicators for a record year include the recent high in US single-family housing starts and pre-recession unemployment levels.

Topics: united state, sales

If you liked the article, share on:

Comments

Recommended

We recently heard that Italian automakers, Ferrari and Lamborghini, are not so keen on building an all-electric sports car just yet. On the contrary, Bentley has just confirmed that there...
by - September 17, 2017
Back in 2013, Nissan introduced the IDx Concept at the Tokyo Motor Show. When the audience first saw this, a lot of people got excited to see a lightweight sports...
by - September 17, 2017
Does the RS Edition and its LSD feature deserve all the media attention? The short answer to that is yes. Let us explain why. Ford today has revealed its new...
by - September 16, 2017
While the FJ Cruiser was no longer sold in the US since 2014 with the Trails Teams Edition being its final model, Toyota has now decided to terminate its production...
by - September 16, 2017
That there’s bad blood between Mercedes-Benz and BMW doesn’t surprise anyone. The fierce competition between the two brands may have stemmed from the fact that they both have German roots,...
by - September 15, 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