2013 New Vehicle Registrations Forecasted To Top 15.3 Million
Jan. 2, 2013—U.S. registrations for new light vehicles in 2013 are forecasted to grow 6.6 percent from 2012, reaching 15.3 million vehicles, according to Polk, an automotive market intelligence firm.
New vehicle introductions are also poised to rise rapidly in 2013, according to Polk, with 43 new vehicles planned for release_notes in the U.S., an increase of almost 50 percent from 2012.
Polk analysts expect the mid-size sedan segment to continue dominating the industry. Currently with 18.5 percent of the total market, analysts estimate that market share to expand in the coming year.
"Recent redesigns of nearly every vehicle in the mid-size segment are forcing more competition and continued growth," said Tom Libby, lead analyst for North America at Polk. "The current array of options for consumers in the market for a new mid-sized vehicle makes it a great time to buy a new car."