Ford and GM Forecast Auto Sales Increase for 2012
According to Ford economist Jenny Lin, the 2011 sales forecast, which sits at 12.5 million vehicles, should be topped, with the final value set to hit around 13.5 million vehicles. Lin explains that the smaller sales registered in the last few years has left the US with an aging vehicle fleet, with the national age average now sitting at 10.6 years, an absolute record.
GM chief economist Mustafa Mohatarem comes to the same conclusion, adding that the figures could climb even higher if Honda and Toyota could increase production - the companies are still affected by the the effects of the earthquake and tsunami that took place back in March.
So, what does the future hold? According to Mohatarem, the US market will reach 16 million units in 2014 or 2015.