IHS Evaluates Impact of Oil Price Decline on Global Auto Market

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Low oil prices will contribute to upside potential for the U.S. automotive market in the near term, according to a recent report from IHS Automotive, part of IHS, Inc. (NYSE: IHS). Fueled by reduced prices at the gas pump, U.S. consumer confidence is expected to continue to rise, resulting in a potential shift to larger vehicles in the U.S. and Canada as these vehicles will be more affordable to own and the value of fuel economy becomes less important to consumers.

read more