What a great year for auto sales in 2013 – the best since 2007 before it all plummeted with a gasoline price spike and economic meltdown.
Analysts and industry executives do see growth coming this year.
Light-duty pickups and sport-utility/crossover vehicles saw a very strong year. That should continue.
Incentives have been restrained and that may continue.
Chrysler is seeing better times as Fiat answered the ownership question – and its credit rating has improved.
Analysts will be watching how the market performs this year and next – if this growth continues, flattens out, or reduces.
Here are a few trends that auto analysts are watching to see how the market performs in 2014 and beyond…..
- Analysts and industry executives do see growth coming this year – up to about 16M new vehicles expected.
- Light-duty pickups and sport-utility/crossover vehicles saw a very strong year. That should continue. New pickup truck models are rolling out, which is expected to strengthen interest in the products. Gasoline prices aren’t expected to increase by very much this year, which should help light-duty truck sales.
- Incentives have been restrained and that should continue. Much of it came through very competitive lease deals in 2013. With a high volume of off-lease units coming back to remarketing channels this year, much attention will be given to how new vehicle leases will be incentivized.
See more of the Top Trends for 2014 and beyond…..