While our view that the light vehicle market would return to 16mn units in 2014 and that the light truck market would outperform still very much hold true, the strength of demand has surpassed initial expectations. Incentives and discounts during the inventory-clearing summer months, coupled with affordable credit have resulted in total light vehicle sales for 8M14 of 11.185mn units, up 5.1% y-o-y. Within that total, passenger car sales were up 1.2% y-o-y and light truck sales continue to dominate with growth of 9.0% y-o-y.

BMI Industry View 7

SWOT 8

Political 9

Economic 10

Business Environment 11

Industry Forecast 12

      Table: Autos Total Market - Historical Data And Forecasts (United States 2012-2018) 12

      Production Investment 13

      Table: North American Production Investments, Feb-May 2014 14

Passenger Vehicles 15

      Table: Passenger Car Market - Historical Data And Forecasts (United States 2012-2018) 15

      Competitive Landscape 17

      Table: US Top 10 New Light Vehicle Sales (CBUs) 17

      Table: US Top 10 New Light Vehicle Sales (CBUs) 18

      Production 19

      Alternative Fuels - Investment 22

      Supply Chain 23

      Dealers 25

Commercial Vehicles 26

      Table: Commercial Vehicle Market - Historical Data And Forecasts (United States 2012-2018) 26

      Table: Class 4 Truck Sales By Brand 28

      Table: Class 5 Truck Sales By Brand 28

      Table: Class 6 Truck Sales By Brand 29

      Table: Class 7 Truck Sales By Brand 29

      Table: Class 8 Truck Sales By Brand 30

      Segment Developments 30

Macroeconomic Forecast 33

Economic Analysis 33

      Table: GDP By Expenditure (United States 2011-2018) 38

Industry Risk Reward Ratings 40

Americas - Risk/Reward Ratings 40

      Table: Americas Risk/Reward Ratings 43

Company Profile 44

Company Monitor 44

General Motors (GM) 47

Chrysler 49

Ford Motor 50

Regional Overview 52

Latin America Overview 52

      Table: Argentina - Sources Of Autos Financing 53

Global Industry Overview 60

      Table: Passenger Car Sales May 2014 (CBUs) 60

Outperformers Boost European Outlook 60

Trucks Give North America A Lift 61

India Brings Relief To BRICs 63

Demographic Forecast 65

      Table: The United States' Population By Age Group, 1990-2020 ('000) 66

      Table: The United States' Population By Age Group, 1990-2020 (% of total) 67

      Table: The United States' Key Population Ratios, 1990-2020 68

      Table: The United States' Rural And Urban Population, 1990-2020 68

Methodology 69

Industry Forecasts 69

Sector-Specific Methodology 70

Sources 70

Risk/Reward Ratings Methodology 71

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 72

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