Confidence in U.S. auto sales is brimming

U.S. automobile sales will rise to over 16M next year, according to a survey of analysts by Bloomberg.

If the forecast is correct, 2014 will be the best year for auto sales since at least 2007.

The best news of all for the sector is that consumer demand is solid without incentives or promotions being broadly increased by automakers.


Related ETFs: CARZ, VROM

From other sites
Comments (3)
  • Tdot
    , contributor
    Comments (8429) | Send Message
    Thought it was supposed to be over $16M this year. At least that's what the SAAR has been suggesting.


    Of course there are two 'auto sales' numbers that get tracked these days. Automakers report wholesales to dealerships and to wholesale fleets. Others track registrations of vehicles sold by dealerships to consumers and to retail outlets and fleets.


    The numbers are not the same: the difference is the inventory being floated at the dealerships and elsewhere. And this is the time of year when automakers start to get serious with dealerships - selling off the outgoing model year to make room for stocking up on the new model year.
    16 Sep 2013, 11:41 AM Reply Like
  • alphavision4
    , contributor
    Comments (124) | Send Message
    16 M vehicles not $16M. Must be a typo. In every sector, the sales reporting will have different numbers. It's OK as long as it's NOT someone intentionally skewing the numbers with a big gap.
    16 Sep 2013, 03:54 PM Reply Like
  • Tdot
    , contributor
    Comments (8429) | Send Message
    yes. again too little caffeine and too little proofreading. 16M units is correct, not $16M in "something".


    But also yes, supposedly the so-called "channel stuffing" to inflate wholesale reports at the end of the year, storing unwanted units in closed parking lots and warehouses in order to meet some production objectives to please shareholders or whatever and claim sales leadership in key segments, allegedly went out with the bankruptcies.
    16 Sep 2013, 07:25 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs