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Are US Auto Sales Numbers in Sep 2017 Indicating an Upturn?

US Auto Sales

The September report on US auto sales by major manufacturers is predicted to invert the months-long negative trend in 2017

United States: As per the estimations published by the media company – Bloomberg, the automotive sales statistics for September 2017 are expected to stay nearer to the past sales record set by the industry during 2015 and 2016. The year 2015 marked automotive value sales of USD17.5 million which rose to nearly USD17.55 million in 2016. The long-continued downfall of the US automotive industry since the month of April 2017 could reach an end as the experts are predicting the US auto sales to lie between USD17.2 million to USD17.6 million in the month of September.

The general estimation for US auto sales in September 2017 is USD17.4 million which marks a stark difference from the sales recorded during September 2016. However, certain market experts could foresee the 2017 slowdown in the booming phase of US automotive industry from 2016.

One of the reasons corroborating positive sales predictions in September 2017 is the boosted sales revenue generated by the industry while covering for loss caused by Hurricane Harvey in the United States. The country is expecting sales of new vehicles to replace obliterated and ousted automobiles, particularly from the Southeast region including Texas during the fourth quarter of 2017. Consequently, the US automotive industry could witness a modest growth in 2017 as compared to past trends, despite a slight dip from 2016 sales.

Moreover, the experts are projecting the crossover SUVs and pickup trucks as the most lucrative automobile segment during 2017 as they made maximum contribution to the thriving auto sales in US over the last two years. As a result, the segments worked as pivotal revenue streams for the US automakers to fill the gaps and spaces in their financial reports by making dollars during the sales slump in 2017.

The infamous auto sales downturn is not expected to bounce back until late 2018 or early 2019 in the United States.

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