Light vehicle sales are lagging growth in the economically active population of the U.S., portending stronger pentup demand.
WardsAuto is sticking to a U.S. light-vehicle sales forecast of 14.5 million units for 2012, even though May’s results put a scare into the industry with its below-trend seasonally adjusted annual rate of 13.7 million LVs. As long as the economy continues growing and, more specifically, as long as employment and consumer confidence continue rising, sales should maintain an upward trajectory. Furthermore, evidence is building demand could return sooner than expected to the 16 ...
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