New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday in a report by Automotive News.
Their positive comments underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May as consumers bought more motor vehicles and a range of other goods.
“If the consumer remains at this strength, we could significantly outperform what we said” about full-year performance, General Motors CFO Paul Jacobson told a Deutsche Bank investor conference.
Ford Motor Co. CFO John Lawler, in a separate interview at the conference, said “the consumer is hanging in there” while noting continued strength and “pricing power” in the company’s Ford Pro commercial business.
Read the full a report by Automotive News.
Source: https://rvbusiness.com/ford-gm-see-strong-u-s-automotive-consumer-demand/
