New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 11/01/2013 -- BMI's view that light vehicle sales would register a more modest expansion in 2013 is playing out, although the traditionally strong summer months have been particularly buoyant. Light vehicle sales rose 6.5% yearon- year (y-o-y) in August to reach a record for the month of 159,004 units. This put sales for 8M13 at 1.2mn units, which is well on the way to the 1.74mn forecast by BMI for 2013, marking the highest sales total since 2002. The twist to August sales, compared with previous months, however, was the outperformance of the passenger car segment.
Passenger car sales in August grew 7.2% y-o-y to 70,836 units, while light truck sales were 5.9% higher yo- y at 88,168 units. Earlier in the year, the boost in light truck sales had been reflected in the outperformance of Ford Motor, General Motors Company (GM) and Chrysler combined (see 'Housing Concerns Weigh On Stellar Truck Growth', May 31). In August, however, their combined sales grew 4.7% y-o-y, compared with 7.9% growth for imported brands.
View Full Report Details and Table of Contents
BMI still forecasts the light truck market to outperform the car segment in volume terms in 2013, which suggests further gains in market share terms for the Detroit Three. One downside risk, however, is that while a healthy housing market is a positive driver of truck sales in North America, we are more concerned about Canada's housing market than in the US, where we expect the construction industry's contribution to truck sales to be maintained throughout the year.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- Indonesia Consumer Electronics Report Q4 2013
- Chile Consumer Electronics Report Q4 2013
- Thailand Consumer Electronics Report Q4 2013
- Turkey Consumer Electronics Report Q4 2013
- Colombia Consumer Electronics Report Q4 2013
- Bulgaria Consumer Electronics Report Q4 2013
- Philippines Consumer Electronics Report Q4 2013
- Bahrain Consumer Electronics Report Q4 2013
- Mexico Consumer Electronics Report Q4 2013
- Peru Consumer Electronics Report Q4 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)