North American Sales Forecast & WardsAuto Barometer

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North American Sales Forecast & WardsAuto Barometer
North American Sales Forecast
& WardsAuto Barometer
Outlook for Q4 2015 and 2016
Haig Stoddard, Industry Analyst
North American Sales Forecast & WardsAuto Barometer
Forecast North America Light-Vehicle Sales
Long-Term Outlook through 2020
Domestically Built
Millions
Import
% Domestic (right scale)
22
84%
20
82%
18
16
80%
14
12
78%
10
8
76%
6
4
74%
2
0
72%
2009
Actual
2010
Actual
2011
Actual
Haig Stoddard, Industry Analyst
2012
Actual
2013
Actual
2014
Actual
2015
Forecast
2016
Forecast
2017
Forecast
2018
Forecast
2019
Forecast
2020
Forecast
North American Sales Forecast & WardsAuto Barometer
WardsAuto 15-Month North American Outlook – Q4 2015/CY 2016 Industry Forecasts
Sales-N.America
(Yr/Yr % Change)
7%
7%
6%
6%
5%
5%
4%
4%
3%
3%
2%
2%
1%
1%
0%
0%
Q1 2015
Q2 2015
Q3 2015
6%
Q1 2016
Q2 2016
Q3 2016
Q4 2016
6%
One less
production
day from
2015
5%
Production-N.America
(Yr/Yr % Change)
Q4 2015
5%
4%
4%
3%
3%
2%
2%
One more
production
day from
2015
1%
0%
1%
0%
-1%
-1%
Q1 2015
Haig Stoddard, Industry Analyst
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
North American Sales Forecast & WardsAuto Barometer
North American Industry: Light-Vehicle Sales
Domestically Built
2014 Actual
Import
2015 Forecast
2016 Forecast
4.4
4.4
15.8
16.1
22
Millions
20
18
4.3
16
14
12
10
8
15.1
6
4
2
0
Haig Stoddard, Industry Analyst
Fourteen-year high volume in U.S.,
record sales in Canada and Mexico, push
North America light-vehicle sales to 20.3
million in 2015, the first time above 20 million
Volume rises to 20.5 million in 2016, with
nearly all gains from domestically sourced
vehicles thanks to increased capacity
(replacing imports) and U.S. demand for big
trucks
North American Sales Forecast & WardsAuto Barometer
Forecast North American Light-Vehicle Sales by Major Segments
(Domestically Built vs. Import)
CUVs forecast for the biggest volume growth in 2016 and top 6 million units.
Ironically, CUV gains strongest in imports due to heavy overseas sourcing of
small and luxury versions.
Pickups also up, but most other segments remain relatively flat.
CUV
Millions
2015
SMALL CAR
2016
2015
2016
MIDDLE CAR
2015
2016
PICKUP
2015
2016
7
6
5
4
3
2
1
0
Haig Stoddard, Industry Analyst
Domestically Built
Import
SUV
2015
LUXURY CAR
2016
2015
2016
North American Sales Forecast & WardsAuto Barometer
Forecast U.S. Light-Vehicle Sales - Domestically Built vs. Import
Domestically Built
2014
Import
2015
2016
3.6
3.5
Millions
18
16
14
3.5
 Economy, including some key
fundamentals, continues to grow
12
 Pent-up demand for new vehicles
caused by the recession still exists
10
8
6
Sales forecast at 17.1 million units in 2015,
rising to 17.3 million in 2016, with domestically
produced volume more than offsetting a slight
decline in imports.
Why a record 7th consecutive Y/Y increase
in 2016:
13.0
13.5
4
2
0
Haig Stoddard, Industry Analyst
13.8
 Vehicle replacement (aging vehicles)
 Fuel prices remain relatively low
 Off-lease volume
 Interest rates expected to stay low
enough to be a plus
North American Sales Forecast & WardsAuto Barometer
Forecast U.S. Light-Vehicle Sales by Major Segment
(Domestically Built vs. Import)
CUV volume up in
2016, with an influx
of imports to meet
demand for small
and premiumpriced versions –
could be
underestimating
Millions
2015
CUV
Small and Middle Cars
continue to be crimped by
CUVs – jobs and wage
growth, low fuel costs a
negative for cars
Luxury Cars getting
pinched by luxury trucks –
influx of new product keeps
volumes flat with 2015
SMALL CAR
2016
2015
2016
MIDDLE CAR
2015
2016
PICKUP
2015
2016
6
5
4
3
2
1
0
Haig Stoddard, Industry Analyst
SUVs take small
volume hit in 2016.
New products that
lifted 2015 start to
lose luster, and much
of the remainder of
segment getting older
– however, there is
room for more
competitive pricing
Pickups, small and large,
rise in 2016 – construction
and housing expected to
continue steady (if not
robust) gains – potential
for incentive activity
could push volumes
higher
Domestically Built
Import
SUV
2015
LUXURY CAR
2016
2015
2016
North American Sales Forecast & WardsAuto Barometer
Forecast Canada Light-Vehicle Sales - Domestically Built vs. Import
Domestically Built
Millions
2014
2015
Import
2016
2.0
1.8
1.6
0.41
0.39
0.36
1.5
1.5
1.4
1.2
1.0
0.8
1.4
0.6
0.4
0.2
0.0
Haig Stoddard, Industry Analyst
Forecasting slight downturn in 2016 but still
close to record highs.
Canada likely met the technical definition of a
recession in first-half 2015, but was not reflected in
automotive sales.
Will reach all-time record volume (1.88 million)
for third consecutive year in 2015. There are
economic issues that could impact the rest of 2015
and 2016 such as low oil prices, higher consumer
debt and the possibility the Bank of Canada raises
interest rates next year.
However, the Canadian automotive market
has a history of resilience and stability, with less
volatility than the U.S. even during the recession.
Also, solid U.S. economic growth is good for
Canada’s export-dependent economy.
Thus, more likelihood the 2016 forecast is low
rather than high.
North American Sales Forecast & WardsAuto Barometer
Forecast Mexico Light-Vehicle Sales - Domestically Built vs. Import
Domestically Built
2014
Import
2015
2016
Millions
1.4
1.2
0.50
0.52
1.0
0.42
0.8
0.6
0.4
0.71
0.81
0.2
0.0
Haig Stoddard, Industry Analyst
0.85
Forecasting record 1.31 million units in 2015,
followed by an increase to 1.37 million next year;
the 7th consecutive Y/Y gain.
Economic growth expected to stay in line with
the U.S., meaning sales should continue to increase
in 2016.
Hyundai entering market in mid-2014, and Kia
starting up this past summer, have made the market
more competitive, and most companies took
market-share hits, although their volumes were up.
The advent of Hyundai and Kia, though they do
sell domestically produced vehicles in Mexico,
increased import penetration in 2015 to over 38%
from 37% in 2014. Import penetration is forecast to
remain flat in 2016.
CUVs are growing in Mexico but small cars,
including a heavy mix of imported entry-level
models, continue as the dominant segment with
roughly 60% penetration.
North American Sales Forecast & WardsAuto Barometer
Forecast North American Light-Vehicle Production by Manufacturer
2014 Actual
Millions
2015 Forecast
2016 Forecast
4.0
2014 Actual: 16.95 million
2015 Forecast: 17.46 million
2016 Forecast: 17.88 million
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
GM
Ford
FCA
Toyota
Honda
Nissan
Other
Source: WardsAuto/AutoForecast Solutions
Haig Stoddard, Industry Analyst
North American Sales Forecast & WardsAuto Barometer
Forecast North American Production by Quarter
Millions
PRODUCTION
TRAILING 12-MO QUARTERLY AVG.
4.8
4.8
4.7
4.7
4.6
4.6
4.5
4.5
4.4
4.4
4.3
4.2
4.1
4.3
4.5
Q1/2015
Q2/2015
4.4
4.7
4.3
4.3
Q4/2015
Q1/2016
4.5
4.3
4.4
4.2
4.1
4.0
4.0
Q3/2015
CAPACITY UTILIZATION
Q2/2016
Q3/2016
Q4/2016
TRAILING 12-MO. UTILIZATION
108%
110%
106%
108%
104%
106%
107%
102%
104%
100%
102%
100%
98%
96%
104%
99%
98%
97%
100%
100%
99%
94%
98%
96%
94%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Forecast North American Production by Car Segment Group
Millions
0
1
2
3
4
Thrust of small-car increase from Mazda beginning
production for Toyota – Yaris and Scion iA – off its
SkyActiv-B platform. Export output also a positive
factor, offsetting weak demand in North America
Small Car
Weak demand causing production cut; nearly every
major platform in this group will drop – one notable
exception is GM-Epsilon (new Malibu)
Middle Car
2015
2016
Large Car
Luxury Car
Haig Stoddard, Industry Analyst
Demand for full-size cars all but dried up and
getting worse. Dominated by Chevrolet Impala,
Ford Taurus and Fiat-Chrysler LX-platform vehicles
Majority of N. American luxury-car sales come from
imports. Of the ~80 vehicles in this segment, only
one-third have year-over-year sales increases, and
only a handful of those are domestically produced.
Increased production largely due to replacement of
overseas sourcing (Lexus ES)
North American Sales Forecast & WardsAuto Barometer
Forecast North American Production by Light-Truck Segment Group
Millions
0
1
2
3
4
5
CUV
SUV
2015
2016
PICKUP
SMALL VAN
LARGE VAN
Haig Stoddard, Industry Analyst
6
Production increase would be stronger except many of the hottest
vehicles, besides such vehicles as the Europe-built Fiat 500X, Jeep
Renegade and South Korea-made Buick Encore, are luxury
imports. Also, capacity constraints are causing some manufacturers
to dual-source by bringing in more overseas-built versions
(Chevrolet Trax, Honda HRV, Nissan Rogue, Toyota RAV4).
Decline based on Nissan ending Xterra in August and Armada in
December, and that 2015 included some inventory catch-up for
GM’s large SUVs. (Note: some signs are pointing to a boom in Q4
SUV sales in the U.S., which could drain inventory enough to lift
2016 production above 2015)
Demand continues to rise. Output could go higher if FiatChrysler and GM decide to get more competitive with Ford
while it finally enjoys some year-over-year sales gains from the
redesigned F-150
Largely a rebound from lost production in 2015 when FiatChrysler closed its Windsor plant for three months to begin
tooling for the new Chrysler Town & Country coming next year
Demand expected relatively flat with competition a little stiffer
from import models
North American Sales Forecast & WardsAuto Barometer
General Motors North American Timeline 2015-2016
Camaro transitions to Alpha
architecture; production
shifts to Lansing GR from
Oshawa. Resume second
shift at Lansing GR
Production slowed for
inventory control on cars
Next-generation
Volt started at
Hamtramck
Q1/2015
Q2/2015
Q3/2015
Add Cadillac CT6 in
Hamtramck
Q4/2015
PRODUCTION
Q1/2016
TRAILING 12-MO QUARTERLY AVG.
Millions
Q2/2016
Q3/2016
Q4/2016
Next-generation Buick
LaCrosse starts;
production shifted to
Hamtramck from
Fairfax
Y/Y % CHG. (right scale)
10%
9%
0.95
6%
4%
0.90
0%
0.85
0.80
Add Chevrolet
Bolt in Orion;
end production
of Buick Verano
Overseas-built
Buick Cascada and
mid-CUV start sales
Production slows end of 2015
through early 2016 due to
changeovers to redesigned
Malibu, Cruze; end of SRX; other
plant changes
Wentzville added third
shift to meet demand
for Colorado and
Canyon
1.00
At Spring Hill: Cadillac XT5
starts Q1; redesigned Acadia
in Q2 (production shifted
from Lansing Delta)
5%
4%
2%
0%
-2%
-5%
0.75
-8%
0.70
-10%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Ford North American Timeline 2015-2016
End Lincoln
MKS in
Chicago
Production slowed for
changeovers to new F-150
at two plants; changeover
to new Edge and MKX at
Oakville; inventory control
on cars, which underwent a
severe slump in demand
Q1/2015
Add new Lincoln
Continental (D8/CD4
platform) at Flat Rock
Q2/2015
Q3/2015
Q4/2015
Q1/2016
PRODUCTION
Q2/2016
Q3/2016
Q4/2016
Continued weakness for cars
in general, more plants taking
summer downtime, will
lower Y/Y comparisons
Ramp-up of new products,
and weak year-ago totals,
lift Y/Y comparisons
0.85
Changeover to redesigned
F-SuperDuty (T3 platform)
at Kentucky Truck
TRAILING 12-MO QUARTERLY AVG.
Y/Y % CHG. (right scale)
25%
Millions
20%
19%
0.80
15%
15%
13%
10%
0.75
0.65
5%
5%
2%
0.70
2%
0%
-5%
-7%
-9%
-10%
0.60
-15%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Fiat-Chrysler North American Timeline 2015-2016
Production slowed
with 3-month
shutdown of Windsor
minivan plant for early
tooling for new Town
& Country in 2016
Q1/2015
Q2/2015
Next-generation
Town & Country
(RU platform)
starts in Windsor
Q3/2015
Q4/2015
Q1/2016
Q2/2016
PRODUCTION
0.80
0.75
TRAILING 12-MO QUARTERLY AVG.
Q3/2016
Q4/2016
Production down
Y/Y as projected
demand weakens
for Dart, LX cars and
(to a lesser extent)
mid-size SUVs
Expected production
slowdown – timing
could change - for
early tooling at
Toluca for compact
Jeep CUV in 2017
Millions
Jeep Compass and
Patriot end
production at
Belvidere
Y/Y % CHG. (right scale)
10%
6%
5%
3%
0.70
-1%
0.65
-5%
0.60
-4%
-4%
-6%
-5%
-9%
0.55
0%
-10%
0.50
-15%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Toyota North American Timeline 2015-2016
Y/Y comparisons
skewed up due to lost
production in 2014
caused by severe
weather
Q1/2015
Redesigned
Tacoma (285T
platform) began
in San Antonio
and Tijuana
Q2/2015
Q3/2015
Q4/2015
Lexus ES (MC platform)
added at Georgetown.
Replaces Japan-sourced
version
0.60
0.55
PRODUCTION*
Millions
8%
Subaru ends Camry
production for
Toyota; all Camry
production
consolidated at
Georgetown
Begin sales of redesigned
Toyota Yaris and new
Scion iA, both built by
Mazda in Mexico. (Data
not included in Toyota
production totals.)
Q1/2016
Q2/2016
Production began of
next-generation Lexus
RX (TNGA platform) in
Cambridge
TRAILING 12-MO QUARTERLY AVG.
Q3/2016
Stronger truck
output lifts
volume
Q4/2016
Weak demand for
cars hurts output
Y/Y % CHG. (right scale)
10%
*Production includes Camry output for Toyota by Subaru; excludes Mazda output for Toyota (products based on Mazda platform)
8%
6%
6%
0.50
4%
4%
0.45
4%
2%
1%
0.40
0%
-1%
0.35
-2%
-2%
0.30
-2%
-4%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Honda North American Timeline 2015-2016
Redesigned Honda Civic
(GCP platform) begins
in Alliston 1 and
Greensburg
Redesigned Honda Pilot
(2SL platform) begins in
Lincoln
Q1/2015
Q2/2015
Q3/2015
Q4/2015
New Honda
Ridgeline pickup
(2SL platform)
starts in Lincoln
Q1/2016
Q2/2016
Sales begin of Japanbuilt Honda HRV in
addition to NA-built
models
End Honda Crosstour
production in East
Liberty
0.60
PRODUCTION
Millions
0.55
Q3/2016
Honda HRV
(GCP
platform)
production
shifts to El
Salto from
Celaya
TRAILING 12-MO QUARTERLY AVG.
Q4/2016
Redesigned
Honda CRV
(GCP platform)
begins in
Alliston 2, East
Liberty and
Greensburg
Y/Y % CHG. (right scale)
9%
8%
8%
7%
0.50
7%
6%
6%
5%
0.45
Redesigned
Honda Odyssey
(2SL platform)
starts in Lincoln
5%
4%
3%
0.40
3%
2%
2%
0.35
0.30
6%
1%
1%
Q1/2015
0%
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Nissan North American Timeline 2015-2016
Redesigned
Nissan Titan
(D23/F-Alpha
platform)
begins in
Canton
Redesigned Nissan
Maxima (D
platform) begins in
Smyrna
Q1/2015
Q2/2015
Q3/2015
Nissan Xterra
(D23/F-Alpha
platform)
permanently
ends production
0.50
PRODUCTION
Millions
Q4/2015
New subcompact Nissan
CUV (CMF-B
platform)
begins in
Cuernavaca
Q1/2016
Q2/2016
Nissan Armada
(D23/F-Alpha
platform)
permanently
ends production
Q3/2016
Q4/2016
Y/Y gains from
increased CUV
output and cars
for non-US
markets
TRAILING 12-MO QUARTERLY AVG.
Y/Y % CHG. (right scale)
5%
5%
4%
0.45
3%
2%
0.40
1%
1%
0%
1%
0%
0%
-1%
0.35
2%
-1%
-2%
-2%
0.30
-3%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
Rest of Industry North American Timeline
Tesla adds Model X
Redesigned Hyundai
Elantra (HD platform)
begins in
Montgomery
Mazda began output of
Scion iA/Toyota Yaris for
Toyota
Q1/2015
Q2/2015
Q3/2015
Redesigned Kia
Optima (NF/CM
platform) began
in West Point
Millions
0.80
PRODUCTION
14%
0.70
Subaru begins first-time
N.American production of
Impreza (SGP platform) in
Lafayette
Q4/2015
Q1/2016
Mitsubishi
permanently ends
production at
Normal, IL, plant;
Outlander Sport –
RVR in Canada - to
be sourced from
Japan
Kia begins firsttime N.American
production of
Forte (HD
platform) at new
plant in
Monterrey
Q2/2016
Subaru ends
production of
Camry (MC
platform) for
Toyota in Lafayette
Q3/2016
VW begins firsttime N.American
production of
Audi Q5 (MLB
platform) at new
plant in San Jose
Chiappa
TRAILING 12-MO QUARTERLY AVG.
Q4/2016
VW begins
production of
new midsize CUV
(MQB platform)
in Chattanooga –
resume third
shift
Y/Y % CHG. (right scale)
15%
12%
0.60
10%
8%
7%
0.50
9%
10%
5%
2%
0.40
0%
-1%
0.30
0.20
-5%
Q1/2015
Q2/2015
Haig Stoddard, Industry Analyst
Q3/2015
Q4/2015
Q1/2016
Q2/2016
Q3/2016
Q4/2016
North American Sales Forecast & WardsAuto Barometer
WardsAuto North American Outlook – Part 1
Q4 2015/Q1 2016 Product and Plant Actions
Sales start dates in italics are WardAuto estimations
Company
Brand
Series
Action
Mfr.
Assembly Source
Segment
BMW
BMW
1-Series
New vehicle
BMW
Germany
Luxury Low er
Import
Oct 2015
BMW
BMW
X1
Next generation
BMW
Germany
CUV Luxury Small
Import
Oct 2015
Daimler
Mercedes
GLC
New vehicle
Daimler
Germany
CUV Luxury Small
Import
Oct 2015
Daimler
Mercedes
Metris
New vehicle
Daimler
Spain
Van Small
Import
Oct 2015
FCA
Chrysler
Tow n & Country
Next generation
FCA
Windsor
Van Small
Mar 2016
May 2016
GM
Buick
Cascada
New vehicle
GM
Poland
Middle Specialty
Import
Mar 2016
GM
Cadillac
CT6
New vehicle
GM
Hamtramck
Luxury Middle
Nov 2015
Jan 2016
GM
Cadillac
XT5
New vehicle
GM
Spring Hill
CUV Luxury Middle
Feb 2016
Arp 2016
GM
Chevrolet
Camaro
Next generation; plant change
GM
Lansing GR
Middle Specialty
Oct 2015
Jan 2016
GM
Chevrolet
Cruze
Next generation
GM
Lordstow n
Small Upper
Feb 2016
Apr 2016
GM
Chevrolet
Malibu
Next generation
GM
Fairfax*
Middle Low er
Nov 2015
Jan 2016
GM
Chevrolet
Spark
Next generation
GM
South Korea
Small Low er
Import
Oct 2015
GM
Chevrolet
Volt
Next generation
GM
Hamtramck
Luxury Low er
Jul 2015
Oct 2015
Honda
Acura
NSX
New vehicle
Honda
Marysville PMC
Luxury Sport
Aug 2015
Oct 2015
Honda
Honda
Civic
Next generation
Honda
Alliston 1
Small Upper
Aug 2015
Oct 2015
Honda
Honda
Civic
Next generation
Honda
Alliston 2
Small Upper
Sep 2015
Oct 2015
Honda
Honda
Civic
Next generation
Honda
Greensburg
Small Upper
Sep 2015
Oct 2015
* Current-generation Malibu continues in Hamtramck until Q2 2016.
Haig Stoddard, Industry Analyst
Production Start Sales Start
North American Sales Forecast & WardsAuto Barometer
WardsAuto North American Outlook – Part 2
Q4 2015/Q1 2016 Product and Plant Actions
Sales start dates in italics are WardAuto estimations
Company
Brand
Series
Action
Mfr.
Assembly Source
Segment
Hyundai/Kia
Hyundai
Elantra
Next generation
Hyundai
South Korea
Small Upper
Dec 2015
Jan 2016
Hyundai/Kia
Kia
Optima
Next generation
Kia
West Point, South
Korea
Middle Low er
Aug 2015
Oct 2015
Jag.-L.Rover
Jaguar
XF
Next generation
Jaguar
UK
Luxury Middle
Import
Oct 2015
Mazda
Mazda
Mazda CX-3
New vehicle
Mazda
Japan
CUV Small
Import
Q3 2015
Mazda
Mazda
Mazda CX-9
Next generation
Mazda
Japan
CUV Large
Import
Oct 2015
Mazda
Mazda
Mazda5
Next generation
Mazda
Japan
CUV Middle
Import
Oct 2015
Mitsubishi
Mitsubishi
L200
Next generation
Mitsubishi
Thailand
Pickup Small
Import
Oct 2015
Nissan
Nissan
Titan
Next generation
Nissan
Canton
Pickup Large
Sep 2015
Nov 2015
Toyota
Lexus
ES
Sourcing change
Toyota
Georgetow n
Luxury Low er
Aug 2015
Oct 2015
Toyota
Lexus
LS
Next generation
Toyota
Japan
Luxury Upper
Import
Oct 2015
Toyota
Lexus
RX
Next generation
Toyota
Cambridge
CUV Luxury Middle
Sep 2015
Oct 2015
Toyota
Toyota
Mirai
New Vehicle
Toyota
Japan
Luxury Upper
Import
Oct 2015
Toyota
Toyota
Prius
Next generation
Toyota
Japan
Middle Upper
Import
Dec 2015
Toyota
Toyota
Tacoma
Next generation
Toyota
San Antonio, Tijuana Pickup Small
Jul 2015
Oct 2015
Toyota
Toyota
Yaris
Next generation
Mazda
Salamanca
Small Low er
Aug 2015
Oct 2015
Volksw agen
Audi
TT
Next generation
Volksw agen
Hungary
Luxury Sport
Import
Oct 2015
Haig Stoddard, Industry Analyst
Production Start Sales Start
North American Sales Forecast & WardsAuto Barometer
Thank You,
Haig Stoddard
Senior Industry Analyst, WardsAuto
hstoddard@wardsauto.com
248-799-2619
Haig Stoddard, Industry Analyst
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