US Light Vehicle Sales Back to Pre-Crisis Levels

In line with economic growth, looser finance, rising employment, robust consumer and business confidence and of course low oil prices, Euromonitor has consistently been expecting 16.9 million light vehicle sales in 2015; above the industry consensus of 16.6-16.7 million earlier in the year. Fundamentally, demand is now back to pre-crisis levels and sales data just released for June means that demand in 2015 is actually likely to exceed 17 million units for the first time since 2002.