OREANDA-NEWS. RnR Market Research Offers Report by Research on United States Autos Report Q3 2016

BMI View: Light vehicle sales growth will slow to 0.9% in 2016, before sales contract 1.0% in 2017. The declining passenger car market will be a big part of the slowdown although increasing activity in the ridesharing business will see demand increase later in the forecast period.

Key Views

- We have revised our forecast for growth in the light vehicle market down to just 0.9% in 2016 and a contraction of 1.0% in 2017.

- Passenger car sales will decline in 2016 and 2017 but ride-sharing fleets will increase demand for the latter years of the forecast period.

- Manufacturing investment is now showing a leaning toward expansion over greenfield investment.