Last month's sales will top 16 million vehicles on a seasonally adjusted annualized basis, several automakers said, which would be the first time U.S. sales topped that level since November 2007. It also marks stronger sales than expected, with nearly all automakers on Wednesday reporting double-digit sales gains for the month.
Global automakers, in the midst of one of their best years ever, are poised to rake in even greater profits the rest of this decade, according to a new report.
As you can see from this chart, there is a LONG history of the unemployment rate (red line) moving in tandem with car sales. And that makes total sense. People don't buy cars if they don't have a job.
Auto Sales Data Link
The road to 2020 and beyond: What’s driving the global automotive industry?The global automotive industry is about to enter a period of wide-ranging and transformative change, as sales continue to shift and environmental regulations tighten. The lesson: companies that want to have a successful, long-term future need to get key strategic decisions right in the next decade.
The growth, especially in China, is why automakers will need to move even more production to that country and emerging markets.
Urbanization and industrialization are driving the growth in China, and that will continue for many years. LINK