New-Vehicle Sales In The US For April Are Expected To Reach 17Million Units
New-vehicle sales in the US for April are expected to reach the highest level in a decade, capping a perfect four-month start to a year since 2001. It is expected that over 17million units will be sold in 2015, a figure that was last reached in 2001.
A full year forecast that was recently released by TrueCar.com shows that the total number of units which will be sold in U.S will reach 17.1 million. According to the site the increase in sales is due to a rise in consumer confidence and the continued low unemployment rates which have been reported in the US.
TrueCar's vice president, Eric Lyman, in a statement, said that, “Underpinning this solid outlook is an incredible appetite for crossovers, sports utilities and pickup trucks.”
“Automakers with strong light-truck offerings continue to gain and will benefit from the likelihood gasoline prices will remain low this summer.”
According to Kelly Blue Book, sales are expected to rise by 11% for compact utilities, for midsized utilities, the percentage is expected to be 9.6% and for full-size pickups is expected to be 6.3%. That said, sales for midsized cars are expected to fall by 3.1%.
Strong sales in trucks mean that there is an increase in profits for automakers as consumers will looking at paying higher prices.
In a statement, Jeff Schuster, a senior vice president of forecasting who works at LMC Automotive, said that, “Overall, auto sales remain strong, a trend that is sustainable throughout 2015 due to consumer demand that is being fueled by 50 new or redesigned models in showrooms this year.”