A New Year begins and question starts to pop up, will this year be good for this sector and how will the sales grow in the New Year? Auto sector is no different and with strong competition around in the sector, every auto maker tries to forecast and publish their sales targets for 2015. General Motors Company (NYSE:GM) CEO, Mary Barra talked on Detroit about outlook for 2015 and provided her forecast for auto industry. CNBC’s Phil LeBeau reported on CNBC about the story.
LeBeau mentioned that Barra is giving her annual round table speech at Detroit almost after a year she took over as CEO of General Motors Company (NYSE:GM). He added that Barra talked about the challenges that the company has faced in 2014 and the challenges the company is gearing up to face in 2015. Be he feels that the most important thing that Barra shared is about General Motors Company (NYSE:GM)’s outlook for 2015 in US auto industry.
“I see a lot of positives as we start 2015. First, it looks that sales will be strong in United States and China. Again our two biggest markets, and in the US we expect continued steady growth in the industry and we believe it’s going to come in somewhere between 16.5 million to 17 million units. […] Probably right in the middle of that range,” Barra said.
LeBeau compared that forecast for no of unit sales in 2015 against the sales number from 2009 onwards. He pointed that some street predictions also suggested that General Motors Company (NYSE:GM) could top 17 milllion unit sales in 2015. General Motors Company (NYSE:GM) sold 10.4 million units in 2009 and 16.5 million units in 2014. This trend shows that they could be able to sell around 17 million units in 2015 as the forecast of Mary Barra suggest.
LeBeau said that to deflect the questions about the recall issues that General Motors Company (NYSE:GM) faced in 2014, Barra said that this is a work in progress.
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