Man, what a slow week for industry news, we will try and find you something more entertaining later today. In the meantime, here is some more boring filler. Consultancy A.T. Kearney expects 2010 U.S. auto sales to rise to 11.7 million light vehicles and that a general recovery from the recession will bring sales back to historical levels in 2012.


Quote from the article:

Analyst Daniel Cheng of Kearney said the range from a "pessimistic" to an "optimistic" forecast for 2010 is 11.4 million to 12.3 million autos sold. By 2012, U.S. auto sales will rise to about 16 million vehicles, with a possible range of 12.9 million vehicles to 16.8 million vehicles. Cheng said much of the rise will be attributed to pent-up demand and more available credit, and the forecast also assumes the United States will not have a double-dip recession. He said he does not expect another recession. Auto sales held above 16 million vehicles between 1999 and 2007 before falling to 13.2 million in 2008 and to 10.4 million in 2009, the lowest rate since World War II once population is considered. The forecast is more bullish than those of most other auto analyst groups and the automakers themselves, but Cheng defended the forecast

Source: More boring news; Kearney sees 11.7 million U.S. 2010 auto sales

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