Automotive: US auto industry appears as stronger, leaner and more efficient

10/1/2014 - Report
ic_blogtagEconomic OutlookUnited StatesAutomotiveCreditGrowthManufacturingPrice
U.S. light vehicle fleet is at a record average age of 11.5 years versus the long-standing average of approximately 9 years, which, coupled with rising consumer confidence, should continue to bode well for both original equipment manufacturers (OEM) and auto parts suppliers.

Firm pricing continues to be vital for profits, which should continue alongside improved, albeit slower, growth in 2014 and 2015. We expect growth of +4% in 2014 followed by +3% in 2015, putting the number of registrations to around 16.5 million units in 2014 and 17 million units in 2015.

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Automotive: US auto industry appears as stronger, leaner and more efficient - Report