With the big New York Auto Show set to open this week, carmakers have every reason to be optimistic about their prospects for the month ahead based on preliminary data.
The economy remains on track to grow 3% this year, up from 2.4% in 2014, according to a new analysis by IHS Global Insight. At the same time, Consumer Sentiments as measured by the University of Michigan monthly survey of consumers.
Motor vehicle sales are expected to have picked back up to a 17-million annualized pace in March as the weather improved, IHS noted. (more…)