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Industry Experts Expecting A “Strong” Year for 2018

Trucks will continue to dominate the market.

by on Dec.04, 2017

NADA Chairman Mark Scarpelli believes 2018 will be a strong year, adding that he'd be happy with anything more than 16 million units in sales.

The National Automobile Dealers Association expects new vehicle sales to decline in 2018.

In a forecast released Friday, NADA predicted the sale of 16.7 million new cars and light trucks. The NADA forecast for 2018 was lower than the 17.1 million units of sales predicted by the University of Michigan’s annual economic forecast, which also predicted the U.S. economy would grow by 2.5% next year.

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“We expect 2018 to be a robust year,” said NADA Chairman Mark Scarpelli, a Chicago-area car dealer. “NADA’s 2018 auto sales forecast is indicative of a stable, healthy market for new vehicles,” he added.  (more…)