US 2010 auto sales may top 11.5 million

• Source: Global Times
• [17:28 August 14 2009]
• Comments

Vehicle sales in the US may increase almost 15 percent to 11.5 million units in 2010, an influential industry forecaster said Wednesday.

Gary Dilts, senior vice president at J.D. Power & Associates said, "The credit market is a little better, the financial market is stabilizing, and consumer confidence is edging along."

Dilts believes 1 million or 1.5 million units will be sold next year, and retail sales in August could total 11 million on an annualized basis, flatter than a year earlier.

J.D. Power had projected US light vehicle sales of 10 million units for 2009, down from 13.2 million units last year and 16.2 million units in 2007.

Agencies and Shi Jierui contributed to this story