GRAND RAPIDS – North American light vehicle sales should dip this year to around 17.1 million units, breaking a streak of seven consecutive year-over-year gains, according to Mike Wall of IHS Markit. But while he expects the market to contract further to around 16.9 million units next year, Wall believes the automotive supply chain is positioned to thrive.
What’s your outlook for car sales in 2018?
The recovery days of the last several years are largely behind us. Next year, we’re looking at 16.9 million units in terms of light vehicle sales. Now, I say all that and I’ll tell you: Sales of 16-17 million units in production is a good time. That’s good news for the industry. It’s all relative, of course, if you compare it to the last peak and what have you. But it’s still good, still very positive for the industry.
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