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Albany, NY -- (SBWIRE) -- 09/21/2017 -- According to the latest study findings, a car purchase in the life of an average American is probably one of the most important events. Over the past few years, the new car market has experienced constant growth as the U.S. economy recovered from the great decline. In the coming years, rising gas prices and an uncertain economic climate will impact the new car market and vehicle sales, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as "U.S. New Cars Market - September 2017" which includes knowledge and estimations about the market status for the present and upcoming years. This report is a compilation of different segments that aim to enlighten readers and investors in a simplistic manner.
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In the introductory section, the report starts with the market overview, which is needed to inform the readers about the scope of the study. This section covers the executive summary comprising several issues and opportunities prevailing in the U.S. new cars market. It has been analyzed that many people deliberate on the merits of buying a new car in compared to a used one, which is more likely to be a cheaper option. Reliability and condition are the most appealing attribute of a new car purchase for consumers.
The later section talks about the consumer behavior in the U.S. new cars market. Most buyers would prefer to buy the used version while some of them would want to purchase the brand new ones. Nowadays, buying new and used cars has become very easy with the coming of online car dealer services. As the report proceeds, vital information regarding market estimated size and forecast is presented. This section includes total U.S. unit sales and fan chart forecast of new passenger cars and new light trucks, for the period 2012-22. According to the research key findings, new vehicle sales through 2017 have confirmed that the auto industry hit peak auto in 2016, meaning growth in new vehicle sales will end this year. Despite the slowdown, analyst estimates a healthy 17 million units will be sold in 2017. The stagnant market means that auto manufacturers will need to gain market share for growth in a shrinking market. It is also noted that NAFTA Renegotiations could dramatically change sales environment.
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The report further focuses on the sales, market share, and marketing activity of the leading 13 automakers, which control some 99% of the U.S. new car market. The study finds that Ford F-Series remains staple of US auto landscape, while Nissan Rogue overtakes top brands to take top non-pickup slot. Ford Fusion falters fantastically and Volvo announces commitment to an all-electric/hybrid lineup by 2019. Another market leader Toyotas cloud platform provides an enhanced driving and ownership experience.
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