Steel Markets
September 16, 2014
US Vehicle Sales and NAFTA Vehicle Production, August 2014
Written by Peter Wright
The following article was produced by Peter Wright, contributing writer and Steel 101 instructor for Steel Market Update.
Economy.com reported as follows on the August U.S. vehicles sales volume: the year-to-date pace of 16.4 million units SAAR is the best since 2006, when it was 16.55 million. The strong recovery of the U.S. auto industry rests on a number of factors including the steadily improving labor market, the release of pent-up demand, improving consumer confidence, the increased availability of auto credit and incentives. Moody’s Analytics is now forecasting a pace of 16.7 million units in 2015.
