Monday, July 29, 2013
CAR’s U.S. vehicle sales, production and employment forecast for 2013-2016 has been updated.
- 2013 U.S. vehicle output is expected to reach 11.0 million units, and 11.5 million by 2015
- Automotive employment will increase from 647,500 in 2012 to 670,000 this year, and to 700,000 by 2015.
- Comparing to 2012, 52,500 auto manufacturing jobs will be added to the U.S. auto industry by 2015.
CAR’s outlook takes into account GDP growth, U.S. unemployment rate, U.S. motor vehicle demand, consumer confidence, interest rates and other economic indicators as well as the relationship of price to U.S. light vehicle sales.