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A Better Partnership

Ahead of the Curve Auto Supplier Blog

January 06, 2014

Auto Sales Projected to Hit New Highs in 2014

While most of us are trapped indoors by the blistering winter weather, it’s only proper to cozy up with a positive forecast for the automotive industry.  As many of us know first-hand, 2013 was a record year for automobile purchases and leases since the industry rebounded from the recent recession. Americans bought or leased 15.6 million new cars and trucks, which was the best year for the automotive industry since 2007 when consumers took 16.1 million cars and truck off dealer lots.  The greatest part is that the best is yet to come – or, at least, that’s what the forecasters predict.   With approximately 37 new vehicles slated to be introduced in 2014, forecasters predict that sales and leases could reach as far at 16.3 million in 2014.  All of this is great news if you are properly prepared to deal with the capacity demands that are sure to come with the higher sales.  This might be a good time to dust off those POs and terms and conditions to see where you stand with your customers and suppliers on capacity and related matters.  For more information and data on this topic please click here.  Happy shopping (and shipping) everyone!

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