Analysts foresee ‘phenomenal’ auto sales

May 04, 2012 | 05:29 PM | Chris Prentice

Tags  AMM automotive materials conference, Citi Investment, IHS Global Insight, Christopher Reenock, Charles Chesbrough, chris prentice

NEW YORK — This year’s outlook for both global and domestic automotive sales is positive thanks to growth in developing nations and replacement demand in the United States, analysts told AMM’s Automotive Metals Conference in Dearborn, Mich.

Automakers and metal suppliers can expect to see growth in the U.S. market throughout 2012, although the real long-term boom will happen at the global level, according to analysts at IHS Global Insight Inc. and Citigroup Global Markets Inc. ....

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