Carlos Ghosn optimistic over the auto sales in 2016 image

Chief Executive Officer of both Renault and Nissan sees better than expected auto industry sales this year for the US and Europe markets.

After strong auto sales increases in all major markets last year, analysts and automakers are more restrained in their forecasts for 2016. This approach is quite understandable as there are many economic uncertainties that could eventually affect the automotive industry. However, Carlos Ghosn, the head of the Renault-Nissan Alliance, sees the sales trends going in the right direction, especially for the United States and Europe this year. He shared his view on the matter this week at the New York International Auto show. “Everyone is below the reality,” Ghosn said this week at the event. “I think the market will be stronger than forecast — both in Europe and in the United States.” He predicted US industry sales would rise around 2 percent for the overall market, which is actually the same growth rate foreseen by other forecasters.

One thing is for sure, though, that almost everyone in the industry thinks the record auto sales in the United States are not going to be limited to 2015 levels, as analysts are confident over a further growth for this year, but the next one will definitely be more challenging. It is said that 2016 US light-vehicle sales would be between 17.5 million and 18 million units, but most likely the final number would be somewhere in the middle. As for Europe, after rising 9.3 percent in 2015, the European Automobile Manufacturers Association said it expected car sales to go up by around 2 percent, reaching roughly 14 million units.

Via Reuters