US light vehicle sales ended 2013 up 7.6% at 15.60mn, in line with BMI's forecast of an 8.2% increase to 15.68mn. With macroeconomic conditions largely favourable, we expect further growth, albeit slightly slower at 3.6%, to be achievable in 2014, taking the market back to 16mn units for the first time since 2007. We expect light trucks to continue to outperform the car segment, led by a slew of new product launches.

BMI Industry View 7

SWOT 8

Political 9

Economic 10

Business Environment 11

Industry Forecast 12

      Table: US Automotives Historical Data And Forecasts 12

Production Investment 13

      Table: North American Investments, Nov 2013 - Feb 2014 13

Passenger Vehicles 15

      Table: US Automotives Historical Data And Forecasts 15

Longer-Term Risk 18

Competitive Landscape 20

      Table: US Top 10 New Light Vehicle Sales (CBUs) 20

Production 21

Financing 24

Dealers 28

Commercial Vehicles 30

      Table: US Automotives Historical Data And Forecasts 30

Segment Trends 33

Macroeconomic Forecast 36

Economic Analysis 36

      Table: United States - Economic Activity 44

Industry Risk Reward Ratings 45

Industry Risk/Reward Ratings 45

      Table: BMI's Americas Risk/ Reward Ratings 47

Company Profile 48

General Motors (GM) 48

Chrysler 49

Ford Motor 50

Johnson Controls 52

Regional Overview 53

Global Industry Overview 61

      Table: Passenger Car Sales November 2013 (CBUs) 61

Europe On Road To Recovery 61

Tax Hike Skews Japan's Outlook; US Hits Sweet 16 63

China Is BRIC Bright Spot 65

Demographic Forecast 68

      Table: The United States' Population By Age Group, 1990-2020 ('000) 69

      Table: The United States' Population By Age Group, 1990-2020 (% of total) 70

      Table: The United States' Key Population Ratios, 1990-2020 71

      Table: The United States' Rural And Urban Population, 1990-2020 71

Methodology 72

Industry Forecasts 72

Sector-Specific Methodology 73

Sources 73

Risk/Reward Ratings Methodology 74

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 75

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