Bank of America thinks the U.S. automobile sector could be set to kick into a higher gear even...

|By:, SA News Editor

Bank of America thinks the U.S. automobile sector could be set to kick into a higher gear even after posting a solid 13.4% gain in sales last year. Analysts with the firm lean on the demand issue of an aging U.S. fleet in making their bullish call, noting consumer buying to replace high-mileage vehicles should stay strong until 2018 before softening.