/ Industry, News / US economists believe sales will continue to grow in 2014

US economists believe sales will continue to grow in 2014

Linked In Share
US economists believe sales will continue to grow in 2014

As 2013 is coming to a close, North American new car sales have wildly exceeded even the most optimistic forecasts made at the beginning of the year. The burning question heading into next year is: will that trend continue? According to a new survey, favorable credit trends could keep it going.

While the Federal Reserve Board’s clear directives will keep market volatility in check to a certain extent, some experts believe that deflation could become a more serious issue.
In addition, fuel prices, an unpredictable feature of U.S. economic life for four decades, should remain relatively stable during the coming year.

“Interest rates will remain low for the foreseeable future due to the combination of record-low credit losses – with the exception of a single quarter in 2006, charge-offs are at the lowest level since 1995 – and the Federal Reserve’s commitment to retain current policies until more demonstrable economic improvement takes place,” said Odysseas Papadimitriou, WalletHub’s chief executive officer – who issued the survey.

WalletHub interviewed several economists in preparing its 2014 predictions, and the general consensus is that the economy will continue its slow growth in 2014, turning the year into the transitional period that 2013 should have been and bringing the economy back on track heading into 2015.

WalletHub noted some experts are predicting continued growth, while others feel that a significant correction is in order, but the best bet is that the stock market will continue to rise along with the economy in 2014.

The trend indicates that credit card users have drastically improved their ability to stay current on monthly payments as the economy has improved, thereby alleviating the uncollectible debt burden on banks. We expect that charge-off rates will continue to fall in 2014 before ultimately reaching a bottom and that overall credit score improvement will follow, he added.

by Aurel Niculescu (my Google+) - Friday, December 13th, 2013 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
2014 sales trend us


Discuss: US economists believe sales will continue to grow in 2014

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Ford’s European Sales Up 12% in March on High German and UK Demand
Ford’s European Sales Up 12% in March on High German and UK DemandFord's sales in Europe rose by 12% in March, accounting for the 10th  consecutive monthly gain, thanks to high demand for ...
Facelifted Audi S6 undergoes track testing
Facelifted Audi S6 undergoes track testingOur spy photographers caught the venerable Audi S6 undergoing some rigorous and grueling track testing before the mid-life ...
Facelifted Mercedes-Benz ML 63 AMG gets spied
Facelifted Mercedes-Benz ML 63 AMG gets spiedThe current generation M-Class SUV was unveiled back in 2011 and Mercedes-Benz is preparing for a mid life cycle refresh. Our spy ...
We caught the facelifted Audi S7 track testing
We caught the facelifted Audi S7 track testingAudi is well on the works of refreshing one of its most interesting cars to date – the A7 four-door coupe. Now, our spy ...
Bentley shows us how to track test the Continental GT V8 RS
Bentley shows us how to track test the Continental GT V8 RSWhile it just debuted on North American soil its latest mean machines, among them the Continental GT Speed – the fastest ...
Audi Q7 spied wearing heavy disguise
Audi Q7 spied wearing heavy disguiseThe full-size luxury crossover SUV unveiled in September 2005 during the Frankfurt Motor Show is the first SUV Audi unveiled and ...
[Video] Porsche 918 Spyder gives you a hot POV lap
[Video] Porsche 918 Spyder gives you a hot POV lapWell, the title kind of spoils everything there is to know in just a few short words. Just watch the video below to know how it ...
Bentley Continental GT Speed and Flying Spur V8 debut in the US
Bentley Continental GT Speed and Flying Spur V8 debut in the USThe 2014 New York Auto Show is usually home to some luxurious and lavishly expensive reveals, and as far as these two go, you ...
[Video] Rare 1964 Ford GT40 prototype sold for $7 million
[Video] Rare 1964 Ford GT40 prototype sold for $7 millionAs far as auctions go, you usually don’t wonder much when old Ferraris go for seven figure sums. Well, if you’re a ...
Tesla Model S becomes a convertible
Tesla Model S becomes a convertibleIf you ever dreamed about owning both an electric car and a convertible, you should know that in the US such things are possible. ...
Report – New details about Alfa Romeo Giulia emerge
Report – New details about Alfa Romeo Giulia emergeThe guys over at Auto Express decided to have a go and imagine how the Giulia model could look, besides adding some juicy details ...
Former Audi R&D Boss Named CEO of Bugatti and Bentley
Former Audi R&D Boss Named CEO of Bugatti and BentleyVolkswagen has named the former development chief from Audi to lead Bugatti and Bentley, the third change in top management for ...
[Video] 2015 Nissan Murano debuts in New York
[Video] 2015 Nissan Murano debuts in New YorkOne of the originators of the crossover movements, Nissan’s Murano SUV is entering its third generation, with the official ...
[Video] Ford Takes 2015 Mustang on the 86th Floor of the Empire State Building
[Video] Ford Takes 2015 Mustang on the 86th Floor of the Empire State BuildingUS automaker Ford Motor will commemorate a stunt performed 50 years ago, by putting the new 2015 Mustang GT convertible on the ...
Opel Relies on Crossovers to Return to Profit
Opel Relies on Crossovers to Return to ProfitOpel will target crossovers, part of its return to profit strategy and to boost sales. "We will move more into crossover ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 Audi S6 Facelift Spied 5
2016 Mercedes ML 63 AMG Spied 1
2015 Audi S7 Facelift Spied 1
Bentley Continental GT V8 RS Spied 1
Spy-Shots of Cars
Bentley-flying-spur-v8_2015
nce-tesla-model-s-convertible-001-1
2015 Nissan Murano Concept (1)
LR_DVC_Side_Profile_Wall_140414_05
2015 Kia Sedona (5)
2015 Chevrolet Corvette Z06
Volkswagen_Jetta_0

More automotive from inautonews
Ford's sales in Europe rose by 12% in March, accounting for the 10th  consecutive monthly gain, thanks to high demand for compact SUVs and small vehicles. Deliveries in the European markets increased by 15,900 cars to 147,100 units, extending the gain in the first quarter to 11% or 297,900 ...
read more
Inautonews Editors Section
Do you have £200,000? Then you can have the trip of a (hazardous) lifetime
Do you have £200,000? Then you can have the trip of a (hazardous) lifetimeAre you tired of the ever-boring home to work commute? Well, if you’re the adventurous type and can afford the paycheck, the world's most hazardous ...
Check out the everyday cars of St. Moritz – photo gallery
Check out the everyday cars of St. Moritz – photo gallerySt. Moritz is the oldest winter holiday destination in the world – and on the same time it is probably the most expensive ski resorts in the ...
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety Volvo makes life easier for the parentsHave you gone through the nightmare of changing your child seat from car to car or use it on public ... Many of GM’s Recalled Vehicles Will Not Get Fixed For Various ReasonsAlthough US auto recalls are close to reaching a new record in a decade, analysts still believe ...
Safety Section