Wednesday, May 25, 2016
Current Weather
Loading Current Weather....
Published: Friday, 4/20/2012 - Updated: 4 years ago

Forecast: U.S. auto sales could rise 12% from 2011


DETROIT -- U.S. auto sales could hit 14.3 million this year, up 12 percent from 2011 levels, industry consultants J.D. Power and LMC Automotive said Thursday.

J.D. Power and LMC also predicted that light-vehicle sales in April would be a little more than 1.1 million, up 11 percent from the same month a year earlier.

The new 2012 forecast is slightly higher than the consultants' earlier projection of 14.1 million.

Analysts cautioned that risks remain. Jeff Shuster, senior vice president of forecasting for LMC Automotive, said a recent shortage in resin, which is used in fuel and brake lines, could pose a "real and substantial risk" for future vehicle production.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories