New Car Sales Expected to Reach 17M Next Year
Don’t be surprised if the U.S. sets a new annual record for car sales next year.
Several experts in the industry including TrueCar and AutoNation predict that auto sales will top the 17-million mark next year with the possibility of even passing the record of 17.4 million set in 2000. Numerous automakers this year have set new record highs with a month to go on the calendar and with the economy continuing to improve as well as gas prices dropping, next year could be generous to all automakers.
SEE ALSO: Subaru Sets New Annual Sales Record
Sales are predicted to reach over 55.7-million units worldwide in 2015 with the luxury, pickup and utility segments seeing even bigger gains than it did in 2014. Worldwide sales are estimated to reach 54 million this year. Experts are also predicting that the luxury segment will see a 9.8-percent increase next year rising to about $116.7 billion compared to $106.3 billion in 2014. Utility vehicles will likely see a 5-percent growth to $192.1 billion while pickups will see a 4.5-percent increase to about $95.7 billion.
GALLERY: 2015 Mercedes-Benz GLE 450 AMG
[Source: The Detroit Bureau]
Discuss this story at our Mercedes-Benz forum
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
More by Jason Siu
Comments
Join the conversation