What is happening with car sales for the year of 2017?
According to research firm AutoData, US auto sales hit an enormous height of 17.55 million vehicles in the year of 2016. Also they said that December sales of 2016 reached an unexpected height, at rate of 18.4 million vehicles. They estimated it to be around 17.7 million, but it hits the sky. Demand for SUVs and pickup vehicles were high, so prices of gasoline and fuel rose gradually.
According to FORD, it sold about 87,512 vehicles of F-series in December, and it was the best sales month among other 11 months of the year 2016. F-series always remains the great demand in United States of America, for about 40th year in a row. Industry executives have advised from few months that United States market’s post-financial calamity recovery was stopped for a slowdown.
However, now they have said that they are expecting US car sales and light truck demand could match the previous year. US consumer level, which was seen in December hasn’t been for last 15 years. This strong December helped to recover Ford’ work down and unsold vehicles problems.
US Auto Sales in 2017
US auto sales are expected to be around 17.2 million which is a small figure as compared to last year, still be followed by further fall in 2018. However auto sales of 2017 were expected to be around17.4 million. Haid Stoddard, WardsAuto analyst said that 20128 would be more low-term for US sales, auto sales will rise in 2019 to small extent. But till 2023 records will not be high as compared to last year.
There are several step auto companies in US are taking to raise the consumer discount to keep balance of last year and this year auto sales. Although, they should let entire economic trend lines work with collaboration, as auto sales near 17 million is not that bad.
Traub said that he advise auto companies to make effort to keep pace with in market share by offering discounts, or called incentives. However, automakers are usually taking benefits from sales from future months with their present large incitements. On the other hand, Ford motor Co. is pretty much stuck in place when it’s about US market share, because of range of newer products as compare to Detroit rival GM.
WardsAtuo predicted that till 2022 auto sales will be reduced, and will fall to 16.8 million even in 2018. According to Automotive consultant LMC Automotive forecasts 17.4 million auto sales in U.S. However Auto sales in 2017 are around 17.2 million.
Conclusion
U.S, light vehicle sales achieved a second continuous record in the previous year, it was expected that sales 2017 will keep pace with last year. Auto sales in the year of 2017 were forecasted around 17.4 million but they’re still 17.2 million. Previous year exceeds expectation and heighten the outlook for an industry that has been main reason for economic growth.