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U.S. Vehicle Market Reaching Ceiling
2015-01-16 00:23:16| AutomotiveDigest.com - Automotive Industry News
The U.S. Market Pie is not growing as it has in past years. In 3 minutes of this engaging, must-see video, this is the rather sobering assessment of John Humphrey, Senior Vice President of Global Automotive Operations for J D Power. While the U.S. has the highest level of vehicle ownership in the World, we may be approaching a ceiling for new vehicle sales -- which means the market in the U.S. is reaching capacity due to the high level of sales saturation and issues of road congestion. Too many vehicles? The OEMs are being encouraged to rethink their business plans for the next few years including infrastructure and strategies including ridesharing. Watch Video. The Article U.S. Vehicle Market Reaching Ceiling appeared first on Automotive Digest.
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Category:Automotive