GE Capital auto survey reveals economic optimism

Posted on June 4, 2014

GE Capital has released the “Automotive Industry Economic Outlook Survey,” a national survey of C-suite executives at middle market companies (ranging from $10 million - <$1 billion in sales). The survey examines opinions on financial performance, operational issues and the economic outlook.

The company says the survey shows that C-level executives in the automotive industry are upbeat, with two thirds predicting revenue growth over the next year and only 2% experiencing a decrease in revenue over the past year. Further highlights include:

  • employment is forecast to grow by an average of 2.3% year over year, with one third of firms adding new staff;
  • new order pipelines are strong, with the majority of executives (56%) experiencing an increase compared to last year;
  • light vehicle sales are expected to rise over the next year by a majority of respondents.
  • despite the persistence of high healthcare and business operating costs, most firms in the automotive sector expect increasing margins in the coming year;
  • there is broad agreement that light vehicle sales will continue to increase in the next 12 months;
  • increases in the new order pipeline and the expectation that the industry will continue to expand are sources of optimism in the industry; and
  • middle market leaders in the automotive sector are confident in the U.S. and their local economies.

To see the survey, click here.

Related Topics: Automotive Industry Economic Outlook Survey, GE Capital

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Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.
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