IHS Boosts This Year’s U.S. Auto Sales Forecast to 16.4 Million
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U.S. auto sales, buoyed by increasing consumer confidence and cheap financing, are rising faster than expected and will reach 16.4 million this year and climb to 17.4 million in 2017, consultant IHS Automotive said.
“The recovery’s positive spirit leads to people making big-ticket purchases, whereas they had been hesitant in the past,” Henner Lehne, IHS senior director of global light-vehicle forecasting, said today at a briefing in Southfield, Michigan. “The housing market is improving, there’s a good business climate and you have credit availability.”