According to industry forecasts, the US auto recovery catharsis is expected to continue next year, as the economic situation continues to improve, prices for gas still plunge and consumers swarm to buy pickup trucks, SUVs and crossovers.
According to TrueCar, an online car-selling and data service, the forecast for new vehicle deliveries in 2015 is above the 17 million units threshold – with total sales that include used car sales above 55.7 million. “We see a convergence of favorable economic circumstances pushing auto demand up to pre-recession levels,” said John Krafcik, president of TrueCar. “This year has been remarkable in terms of growth and revenue coming from big gains in pickup, utility and luxury vehicle sales.” More so, the predictions corroborate the higher sales with increased transaction prices and higher revenues.
The above 17 million new cars and trucks delivery quota, inching 2.6% from the expected full-year result for 2014 is also “dangerously” close to the all-time high of 17.4 million vehicles, established back in 2000. Mike Jackson, CEO of AutoNation supports the prediction of the auto industry in 2015 topping the 17 million mark – though the National Automobile Dealers Association has officially disclosed a more conservative forecast of “just” 16.9 million units, with the luxury segment leading the charge.