US new car sales predicted to reach 14.5 million units this year

Article by Anita Panait, on May 26, 2012

Sales of new cars in the United States could reach as much as 14.5 million units in 2012, corresponding to a 13 percent improvement from the figures posted in 2011, according to auto industry consultants J.D. Power and LMC Automotive. Automakers and other industry analysts forecast that sales of light vehicle in the US could reach between 13.85 million to 14.8 million units in 2012. Power and LMC also forecast that light-vehicle sales in May 2012 would soar 21 percent to 1.38 million units, when adjusted for having more selling days than May 2011.

That corresponds to an annualized sales rate of 14.3 million units for May, a tad below the 14.4 million sales rates in March and April. LMC analyst Jeff Schuster said that this shows that the US car market is on a momentum, as it benefits from economic stability that allows the industry to sustain a higher selling rate throughout the rest of the 2012.

The US auto industry sustained lower sales in May 2011, caused mainly by the Japan earthquake in March 2011 that triggered supply problems for Japanese carmakers Toyota Motor Corp and Honda Motor Co Ltd. The good news is both automakers are recovering from the effects of last year’s disasters, with auto research firm Edmunds.com predicting that Toyota and Honda will increase their sales this month by 90 percent and 50 percent respectively.

Edmunds.com also forecasted that carmakers would sell 1.39 million vehicles this month, up by around 31 percent from May 2011. This corresponds to an annual sales rate of 14.4 million units for May 2012. LMC also hike its forecast for car production in North America for 2012, citing increasing demand as well as the recovery by the Japanese automakers from the 2011 Japan earthquake.

Topics: united states, sales

If you liked the article, share on:

Comments

Recommended

When Chevrolet came out with the 2018 Equinox last September, the facelifted model was offered in a diesel option for the first time, plus it weighed much less at 400...
by - July 23, 2017
If you are a huge fan of the hardcore GTS version, you probably know that the closest you could get to that model is the upgraded model of the M4...
by - July 23, 2017
Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 2017
The Lotus Evora Sport 410 astonished the world after arriving as the more powerful and lighter edition of the already impressive Evora 400. Now, Lotus Cars is throwing in another...
by - July 22, 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