NADA Economist: Vehicle Sales Remain Strong in 2016

Reprinted from

TRAVERSE CITY, Mich. (August 2, 2016) – Despite some economic and political uncertainty ahead with the upcoming elections, the National Automobile Dealers Association (NADA) is holding steady its sales forecast of 17.7 million new cars and light trucks for 2016.

“We’ve had six straight years of steadily rising sales, which has been a fantastic period of growth, and vehicles per household have returned to the same level prior to the Great Recession,” said NADA Chief Economist Steven Szakaly at the Center for Automotive Research Management Briefing Seminars in Traverse City, Mich., on Tuesday. “But most pent up demand has been satisfied. For 2017, we expect new-vehicle sales to reach 17.1 million units.”

[ full article available here ]