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Automotive rebound in 2011?

Posted by Bill Sluben on June 30, 2010

Hard to guage right now.  Economic news on the one hand does show slight positive job growth and the housing market is showing signs of stabalization/slight rebound…but the employment picture remains problematic.

And with manufacturers reluctance to dicount/incent consumers, we might be at a industry standstill of 10mm to 11mm annualized vehicle sale rate for the next 12 months and betond.

Moody’s revised upward its U.S. light vehicle sales forecast for 2011 to 13.5 mm units, an increase of 500,000, the report said. But the 2010 forecast was unchanged at 11.5 mm, Moody’s said, which would be a 10 percent increase from 2009.

Could go either way at this point.


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