Analysts Predict Big Growth for U.S. Car Sales in 2012

Discussion in 'Economy' started by rdean, Dec 29, 2011.

  1. rdean
    Online

    rdean Guest

    Ratings:
    +0
    http://www.autonews.com/apps/pbcs.dll/article?AID=/20111226/RETAIL01/312269963/1203

    Exhaust Notes

    According to Automotive News, the predictions of 11 independent analysts from agencies such as Morgan Stanley and Wells Fargo Securities yielded an average outlook of 13.6 million units. That would mark a 6 to 7 percent increase from the projected 2011 numbers, which are figured to top 12.7 million units.

    ----------------------------------------------------------

    "We expect a slow start" in 2012 once a flurry of Japanese catch-up buyers eases and because of the end of the accelerated-depreciation [business tax rule that has boosted truck sales] on Jan. 1," Jonas said. "Then the SAAR will improve to the 14 million level by May or June and exit the year in the high 14s."

    ----------------------------------------------------------

    Now aren't you guys happy Obama saved the auto industry?

    Just in time for elections.
     
  2. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    22,359
    Thanks Received:
    1,965
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +4,554
    Global economy likely to continue to limp along...
    :eusa_shifty:
    Leading Economists Offer Their Forecasts for 2012
    December 30, 2011 - After a tough year in which the global economy faced one headwind after another, U.S. economists are weighing in on what is in store for 2012. When it comes to the U.S. budget, unemployment and the crisis in Europe - many believe 2012 will bring more of the same.
     
  3. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,172
    Thanks Received:
    9,277
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,471
    The U.S. economy, in many aspects, will behave independently of world economies during 2012.
    This includes an uptick in the auto market.

    We are in fact much better off than we realize. The problem is that guy in the Oval Offiice.
     
  4. bripat9643
    Offline

    bripat9643 Diamond Member

    Joined:
    Apr 1, 2011
    Messages:
    71,773
    Thanks Received:
    8,735
    Trophy Points:
    2,030
    Ratings:
    +31,216
    Sorry, but they are too late for elections. If unemployment is above 8% by the election, Obama is toast.
     
  5. Dr.House
    Offline

    Dr.House Lives on in syndication!

    Joined:
    Jun 27, 2009
    Messages:
    14,800
    Thanks Received:
    3,482
    Trophy Points:
    48
    Location:
    Princeton/Plainsboro
    Ratings:
    +3,489
    IOW, the evil 1%-ers who can afford a new car this year might be buying a new car this year?

    We can only hope, right?
     
  6. whitehall
    Offline

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    29,653
    Thanks Received:
    4,761
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +13,111
    Let's analyze the prediction before we high five the president. First of all lets admit that the "analysts" are nothing but cheer leaders for the auto industry. The "automotive news" is in the business of promoting the auto industry. Actually they predict a slow start in 2012 but they hope things will get better by May or June. Yeah right, we all hope so.
     

Share This Page