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TROY and TRAVERSE CITY, Mich. — After a strong first half of
the year — including double-digit sales growth in the U.S. — the North American
new-vehicle market will likely see some cooling during the rest of the year,
according to LMC Automotive.

For the U.S., in particular, new-car sales were steady in
July; however, LMC Automotive has scaled back its forecast for full-year sales
here because of "higher economic-driven risk."

Specifically, the firm is now projecting sales of 14.3
million vehicles, down from its earlier forecast of 14.5 million sales.
Moreover, the 2013 full-year forecast had called for 15.2 million new-car
sales, and that has been trimmed to 15.0 million.

"The United States and Canada posted stable selling rates in
July, but the growth rate for the remainder of the year is no longer expected
to be as strong, as the economy cools and concerns with Europe rise,"
explained Jeff Schuster, the company's senior vice president of forecasting.

"However, we do expect the North American market to be able
to ride out the potential storm, albeit at a lower level," he added.

During the first half of the year, the U.S. posted a
15-percent sales uptick, while Canadian sales climbed 7 percent and Mexican
sales climbed 12 percent.

Globally, LMC Automotive is forecasting new-vehicle sales of
79.4 million, which would beat record sales of 75.5 million new vehicles in
2011.

However, what happens in Europe could be pivotal towards
shaping the future direction of the global market.

"As the level of uncertainty rises as the result of the
European crisis and its impact on other markets, so does the amount of pressure
on auto sales around the world," Schuster said. "All eyes are on Europe for a
signal of the direction, as volume growth holds in 2012, but remains at risk
next year."