• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • The Rearview Mirror: All That the Name Implies
  • Top Tips for Improving EV Range in Cold Weather
  • Mercedes is First Automaker to Offer True Level 3 Hands-Free Driving System in the U.S.
  • Audi Introduces Fourth “Sphere” Concept: Activesphere
  • Jaguar Land Rover Posts First Profitable Quarter in Two Years
  • Musk Confirms Cybertruck Production Tracking for End of 2023
  • Polestar Raises its Game with the 2024 Polestar 2
  • Toyota CEO Akio Toyoda Steps Down, Hands Reins to Lexus Chief Koji Sato
  • Environmental Groups Chide GM for ICE Investments
  • Tesla Sets New Financial Benchmarks, But Misses Analysts Targets
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • A Week With: 2023 Ford F-150 Raptor R 4x4 Super Crew
    • A Week With: 2023 Genesis Electrified G80 AWD
    • A Week With: 2023 Land Rover Defender 110 V-8
    • First Drive: 2023 Honda Pilot TrailSport
    • A Week With: 2023 Jaguar F-Type R Coupe
    • A Week With: 2023 GMC Yukon Denali Ultimate
    • A Week With: 2023 Genesis GV60 Performance
    • A Week With: 2023 Chevrolet Suburban Z71
    • A Week With: 2023 Lexus UX 250h F Sport
    • A Week With: 2023 Mercedes-Benz EQB 300 4Matic
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automobiles > New Car Sales Predicted to Top 17 Million in the US in 2015

        New Car Sales Predicted to Top 17 Million in the US in 2015

        Next year expected to hit new highs for new and used vehicle sales.

        Michael Strong
        Michael Strong , Managing Editor
        Dec. 22, 2014
        TrueCar expects the luxury vehicle segment to experience the largest sales growth in 2015.

        A catalytic combination of an improving economy and lower gas prices will result in record results for the auto industry in 2015.

        TrueCar, the online car-selling and data service, is predicting that new vehicle sales will exceed 17 million units next year and total sales will be more than 55.7 million units.

        Your Automotive Source!

        “We see a convergence of favorable economic circumstances pushing auto demand up to pre-recession levels, including continued gains in the job market, the best consumer sentiment in eight years and low fuel prices,” said John Krafcik, president of TrueCar.

        “This year has been remarkable in terms of growth and revenue coming from big gains in pickup, utility and luxury vehicle sales. We think 2015 will be even better.”

        To boil down TrueCar’s expectations for 2015, the firm expects that companies selling cars will sell more than ever and make more money on each sale next year than they did in 2014.

        The most eye-popping number may be the prediction of new vehicle sales hitting 17 million units, which would be a 2.6% increase over the expected result for this year. The record for annual sales is 17.4 million, which occurred in 2000.

        However, TrueCar isn’t alone in predicting 17 million units for next year. Mike Jackson, CEO of AutoNation, said the same in late October during the company’s third quarter conference call.

        “Of course, anything that begins with a 17 has only happened twice before, I recognize that. But I think indeed, the market will break through 17 million,” he said during the call.

        However, not everyone is willing to stretch to the “Magic 17” as the National Automobile Dealers Association has officially pegged next year’s number at 16.9 million, but allows for a possibility that it could push through to 17 million if younger buyers come out in force.

        Other numbers to know, include:

        • Total market sales, including new and used, should rise 3.4% to 55.4 million units over about 54 million in 2014.
        • Total revenue of $1.2 trillion based on average transaction prices, which is a 5.5% annual increase.
        • New vehicle revenue, based on transaction prices, is projected to reach $553 billion, a 5% increase
        • Average transaction prices of new vehicles in 2015 will rise 2.4% to a record $32,589
        • Average transaction prices of used vehicles should increase 2.1% to $16,678 next year.
        • Used vehicle volume will grow 3.8% to 38.4 million units, up from 37 million in 2014.

        In addition, sales across nearly every segment will rise next year and luxury auto sales will lead the charge with a 9.8% segment increase, which should rise to $116.7 billion in 2015 compared with $106.3 billion in 2014.

        (U.S. auto industry generates record $1.1 trillion in 2014 sales. For more, Click Here.)

        The fascination with utility vehicles isn’t expected to abate any next year either as TrueCar expects that segment to rise 5% to $192.1 billion, and pickups to reach $95.7 billion, up 4.5%.

        (Click Here for details about the new Ram ProMaster City van.)

        “Ford’s redesigned F-Series pickups, Mazda’s CX-3 crossover as well as the Mercedes GLA luxury crossover should be standout models in their respective segments next year,” Krafcik said.

        (To see more about the debut of Nissan’s Taxi of Tomorrow, Click Here.)

        “Mass-market cars, pickups, utility vehicles and premium autos – the four `Super Segments’ TrueCar identified previously – will grow next year, though cars will cede market share as more consumers move to utilities and luxury.”

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published

        The Rearview Mirror: All That the Name Implies

        Yesterday
        GMC Hummer SUT winter testing

        Top Tips for Improving EV Range in Cold Weather

        Jan. 27, 2023
        Mercedes Drive Pilot Nevada driving

        Mercedes is First Automaker to Offer True Level 3 Hands-Free Driving System in the U.S.

        Jan. 27, 2023

        One response to “New Car Sales Predicted to Top 17 Million in the US in 2015”

        1. Jorge says:
          December 22, 2014 at 2:33 pm

          Apparently three leased vehicles per driveway is not enough… LOL

          Reply

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: