U.S. auto sales estimated to rise fairly in 2015

Wednesday, Oct 15, 2014

Automotive analysts mentioned that the US sales will witness rise in the next couple of years.However, the pace of growth will slow down further in 2015.

The U.S. auto sales will rise to 5% by end of 2014 amounting to 16.4 million.This is perhaps the best performance since the year 2006.In the year 2013,there was an 8% rise.

Automotive production and sales will grow rapidly in Asia, while Europe and South America will continue to face very  significant economic issues.

The spending in 2014 is more than the gross domestic product of Austria, said Joe Derkos, director of consulting and analytics at J.D. Power.