Veronis Suhler Stevenson (VSS) put out a new forecast that predicts that the overall communications category will outpace gross domestic product (GDP) growth, rising at a 5.5% clip on a compound annual growth rate (CAGR) basis between 2010 and ’15. Within that overarching category, the entertainment and media sector will grow to $355.74 billion by 2015, representing a 5.6% CAGR.
March U.S. auto sales continue to outpace last year’s levels despite rising gas prices and inventory uncertainty following the earthquake in Japan, J.D Power and Associates said today in a monthly report. The research and consulting firm projected March total light-vehicle sales to top 1.2 million units, up 9 percent from March 2010. New-vehicle retail sales alone account for a forecasted 991,900 units. This represents a seasonally adjusted annualized rate of 10.9 million units, up 15 percent from the same period the year before.