2015 Industry Report

2015 was a record-breaking year for America’s automotive industry, with new-vehicle sales reaching 17.47 million units. This metric, along with positive news from the labor markets and strong consumer confidence, helped the U.S. economy recover from a somewhat slow start to the year. By December, GDP had posted moderate growth for the year. The U.S. dollar also benefited from the Federal Reserve’s decision to raise interest rates, capping an excellent year for the greenback. The outlook for 2016 is up and down, with forecasters calling for tepid economic growth but a labor market that should continue to improve.