Stronger US auto market anticipated

Jan 08, 2013 | 01:53 PM | Corinna Petry

Tags  automotive sales, auto production, Polk, Anthony Pratt, Tom Libby, pickup trucks, crossovers, hybrid vehicles General Motors

CHICAGO — New light vehicle registrations in the United States should rise 6.6 percent this year to 15.3 million vehicles, according to a global automotive market intelligence firm.

Analysts at Southfield, Mich.-based R. L. Polk & Co. also forecast that North American production volumes will rise 2.4 percent year over year to about 15.9 million vehicles, driven by an improving economy and capacity expansion.

Automakers will introduce 43 new vehicles this year, up nearly 50 percent from 2012, as well as 60 vehicle redesigns, which Polk said likely will spur showroom traffic and new car sales.....

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