Photo: GM
The economic crisis that hit hard in 2008 is like the definition of a back swan moment. Nobody know that there was a thing called ‘credit swaps’ that people were leveraging 100 to 1, pushing big American banks into bankruptcy, forcing people into foreclosures on their houses and crippling auto sales.
But while Europe is still struggling in terms of car sales, with figures dropping to levels from decades ago, the US is doing quite well.
In fact, automotive industry analysts from Polk have put 2 and 2 million together and found sales will continue to rise in 2013 from the year we just left behind. They predict an increase of 6.6% over 2012 to 15.3 million cars sold. This is partly due to increased demand an partly to the 43 new vehicle launches that are planned this year. What’s more, US new vehicle sales are expected to reach 16.2 million in 2015.
"Polk expects continued recovery in the industry in 2013 and 2014, a positive sign for the U.S. economy", said Anthony Pratt, director of forecasting for the Americas at Polk. "The auto sector is likely to continue to be one of the key sectors that lead the U.S. economic recovery.”
In fact, automotive industry analysts from Polk have put 2 and 2 million together and found sales will continue to rise in 2013 from the year we just left behind. They predict an increase of 6.6% over 2012 to 15.3 million cars sold. This is partly due to increased demand an partly to the 43 new vehicle launches that are planned this year. What’s more, US new vehicle sales are expected to reach 16.2 million in 2015.
"Polk expects continued recovery in the industry in 2013 and 2014, a positive sign for the U.S. economy", said Anthony Pratt, director of forecasting for the Americas at Polk. "The auto sector is likely to continue to be one of the key sectors that lead the U.S. economic recovery.”
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