Coming up next week, Randy Miller, global automotive advisory services leader at EY, looks at auto sales
data sourced from LMC
Automotive and provides us with his analysis. In this excerpt from his
analysis, Miller notes that, in terms of auto sales, the North American market is going strong.
"The North
American market has once again proved why it is still an important global
region for manufacturers, as sales beat projections, showing an overall
increase of 4.8 percent versus the same quarter in 2013," said Miller.
"Sales have been driven across the three NAFTA markets by truck sales,
especially in the U.S., as housing starts remain high (at the 1 million mark in
May) as well as stronger production in the region. Overall for 2014, the region
is forecast to hit sales of 19 million units driven by healthy consumer
spending, rising consumer confidence and employment, and continuing access to
credit."
