U.S. auto sales may reach 14 million light vehicles in 2012, said Earl Hesterberg, chief executive officer of Group 1 Automotive Inc., citing better- than-expected growth in January and the fourth quarter.
General Motors Co.’s Chevrolet and Ford Motor Co. ’s namesake brand may increase their market shares for the “foreseeable future,” said the chief executive officer of the Group 1 Automotive Inc. dealership chain.
Honda Motor Co. said its U.S. sales are growing in October, defying analysts’ projections. That may drive industrywide deliveries to exceed the average outlook, already anticipated as the best in eight months.
U.S. auto sales may have reached a 13 million annual pace for the third straight month, accelerating from a year earlier, as consumer confidence rose before vehicles produced prior to Japan’s earthquake began to run out.
Bayerische Motoren Werke AG and Daimler AG’s Mercedes-Benz are boosting incentives and are emphasizing sales leadership instead of brand value, said Earl Hesterberg, chief executive officer of Group 1 Automotive Inc.