Buzz does understand the nature of the industry, and he certainly knows that there's no way they can get the 4 or 5% gains they had previously. The difficulty that this industry is facing, it just isn't possible.
Carlos Gomes
nature understand difficulty industry
Going forward, [sales] volumes will be dampened by high gasoline prices and other energy costs, now absorbing a record share of disposable income.
energy share forward income
Energy and interest costs now absorb a record one-quarter of overall household disposable income.
energy interest income
Household income in India is advancing at a double-digit pace and estimates suggest that 24 million households will be able to afford a new car by 2007.
car estimates india income
We moved down to 16.3 million in North America in '05, and I'm expecting about 16 million for 2006, so that's probably one of the main reasons.
america reasons
We expect the westbound shift to accelerate in 2006, with sales climbing to a record high in Alberta, alongside expansion of the oil sands and high oil prices. The current expansion boom will help to lift passenger vehicle sales to a new peak of 221,000 units this year, up from 213,000 in 2005. Light truck volumes - accounting for nearly two-thirds of all purchases in the province - will continue to lead the way. Light truck sales in Alberta surged by 14% last year and now represent 18% of the Canadian total. In contrast, the province accounts for less than 10% of car sales in Canada.
car contrast light expansion sales canada canadian oil climbing
B.C. Is a very diversified economy, with strength in the high-tech industries, expanding natural gas and base metal sectors and booming non-residential construction. However, slowing exports in the province's key forest products sector will likely hold back gains in employment and vehicle sales in 2006.
strength key products economy metal natural sales forest employment
In Ontario, job losses in manufacturing have accelerated in recent months alongside announced layoffs in the key auto sector. However, Ontario's economy is well diversified and strength in the service sector, which accounts for more than 70% of overall employment and economic activity, should support vehicle sales of about 590,000 units in 2006 - in line with the average of the past two years.
strength key past support economy job sales employment
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