Following US light vehicle sales growth of 13.8% in 2012, BMI’s view that the industry is in a good position to continue its recovery, is playing out well in 2013. As we expected, the certainty created by the deal to avoid the ‘fiscal cliff’ is supporting sales, although we note that this does not yet seem to be the case in the big truck market. We have made some revisions to our forecasts, both to the upside for light vehicles and downward for heavy truck sales. However, the total industry volume and growth projections remain broadly the same with a …
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