LMC Automotive’s 2018 Outlook for U.S. Car Market

February 05, 2018 at 12:02 AM
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Car sales in the U.S. this year will shrink by about 200,000 units to 17 million vehicles, says Jeff Schuster, senior vice president, Automotive Forecasting at LMC Automotive.

Carmakers will introduce more than 200 new models over the next three years, at least half of them SUV/crossovers, according to Schuster. He expects SUVs will capture 50% of annual passenger vehicle sales in the U.S. by 2021.

The U.S. market also will expand its lineup of electrified vehicles from 16 models in 2017 to about 90 by 2027. But Schuster says EVs will control only 5%-7% of the U.S. market by 2027.