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United States Autos Report Q3 2015

64 Pages BMI Research July 08, 2015 SKU: BMI5621780

The US light vehicle market will pass 17mn units in 2015 for the first time since 2001, growing 3.6%. Thelaunch of several new models, including the new Ford F-150, the country's best-selling model, combinedwith sustained strength in the housing market as homebuilder confidence and permits continue to trendhigher, will mean another strong year for light trucks in 2015. We forecast truck sales growth of 6.0%, withpassenger car sales to grow at a slightly slower rate of 0.6%.

In May, the market grew 1.6% year-on-year (y-o-y) fuelled by holiday promotions, strong credit growth andlower fuel prices. Demand is still heavily weighted toward sport utility vehicle (SUV) and light truck sales,up 6.8% y-o-y in May, while sales of passenger cars fell 3.7% y-o-y. For 5M15, the light truck market is up10.0% y-o-y, compared with a 1.3% y-o-y decline for cars.

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United States Autos Report Q3 2015

BMI Research
July 08, 2015

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