NEW YORK – Light-vehicle sales will continue their downward spiral through 2009, Efraim Levy, a senior industry analyst for Standard & Poor’s, tells the International Motor Press Assn. here. He forecasts 2008 sales to fall to 13.4 million units, dropping to 12.8 million in 2009, resulting in a further loss of Detroit Three market share to transplants and imports. Next year’s decline will be accompanied by a 0.5% decrease in the U.S. economy, as measured by real domestic product. ...

Premium Content (PAID Subscription Required)

"S&P Analyst Forecasts Sharp Drop in 2009 Light-Vehicle Sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.