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Posts Tagged ‘U-M sales forecast’

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.

News You Can Trust!

“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…)

Forecast Calls for Record Auto Sales in 2016

Ongoing economic recovery pushing auto sales.

by on Nov.23, 2015

A new University of Michigan forecast predicts record auto sales for the next two years.

A new forecast on the sales of sales of light vehicles predicts new car sales will continue to boom during the next couple of years, according to the study from the University of Michigan.

Vehicles will stabilize at their September-October pace, averaging 17.4 million sold this year and climb to 18 million in 2016 and 18.1 million units in 2017, said Matthew Hall of the Research Seminar in Quantitative Economics in the U-M Department of Economics.

Sales News!

“There have been only 10 months in which the recorded pace of light vehicle sales exceeded 18 million units. Eight of the 10 months occurred 10 or more years ago, and the other two were September and October 2015,” Hall said. (more…)