Analysts citing the out look of economic growth for further periods have said that US light vehicle sales for next periods of 2011 and 2012 will decrease. J.D. Power and association has estimated 2011 sales to decrease to 12.6 million from 12.9 million units and for 2012 they expected that the sales will decrease to 14.1 million from 14.6 million units.
Other survey conducted by global forecasting has stated that demand will be going up but the goals will not be reached.
HIS Automotive has seen a reduction in sales for the year 2011. The sales decreased to 2,00,000 units from 12.5 million units. HIS forecaster has said that, they have reduced their sales forecast for 2012 from 14.7 million to 13.5 million units.
JP Morgan Chase & Co has last week reduced their estimations for 2011 and 2012 combined to 7,00,000 vehicle sales.
General Motors and Ford Motors Companies, who have observed economic growth for recent time also reduced their forecast value from 13.5 million to 12.5 million units sales.
Analysts said present sales is up by 11% but it will come down for next months due to various reasons like inventory shortages, high gasoline prices and cutting discount prices, new higher prices, unemployment and overall economic uncertainty.