Auto Sales Forecast January to be Very Profitable
Published By : 28 Jan 2015 | Published By : QYRESEARCH
According to forecasters, the U.S. auto sales have started for 2015 and demonstrating a much stronger graph than 2014, during which a deep freeze which kept shoppers away from several dealerships in most of the country. General Motors is predicted to post around a 20 percent increase with other Detroit 3 automotive manufactures also to display double-digit gains.
Typically, January month delivers the lowest volumes of the year, with minute variations that can lead to the SAAR to change more compared to other months. It is rarely viewed as a definitive indicator of the year ahead.
In January, the sale of light-vehicle sales was around 13 percent higher than noticed a year ago. In addition, LMC Automotive predicts a 12 percent hike, which will represent the automotive industry’s biggest jump year-over-year since 2013’s August month. The blizzard which hit Boston and northeastern part of the U.S. this week could suppress the demand during the important final days of this month. However, it turned out to be less severe than predicted in and around New York City.
According to Jeff Schuster the Sr. Vice President (forecasting) at LMC, the auto industry is beginning in 2015 on an autopilot mode with January tracking as projected after a vigorous December. In addition, automakers are scheduled to report sales in January on Feb 3rd. These sales have made through the Feb 2nd count toward January. This means it has one more selling day than 2014’s January and an additional weekend.
These estimates call for a seasonally calibrated, annualized rate of selling of US$16.4 million to US$16.6 million in January, which was higher from the figure of US$15.3 million recorded a year ago. The figures show, that it’s on pace with the previous year’s total sales of US$16.5 million.