Remarketing analysts are carefully following what happens in new car sales and how it will affect the inventory flow in months ahead. Flattening of economic growth expected in the second half of this year caused LMC Automotive to rethink its earlier forecast. Uncertainty among consumers is the main reason for rethinking sales for this year and 2013.
LMC Automotive lowered its outlook for U.S. auto sales in 2012 and 2013, looking for slower economic growth in the second half of this year than previously anticipated. For this year, the estimate has been lowered to 14.3 million light vehicles from its June outlook of 14.5 million. The company also lowered its 2013 forecast, though it is higher than 2012 – the forecast has been reduced to 15 million vehicles from 15.2 million. Last year, light vehicle sales hit the 12.8 million mark. This was 12% higher than the 2012 rate predicted by LCC and Polk. For 2012, Polk has maintained its forecast of 14.3 million new light vehicles sold.
