NADA: 16.94 million new cars to be sold in 2015

Posted by on Nov 18, 2014 in Niles Tire Service Blog |

 

Source: ┬áModern Tire Dealer “NADA: 16.94 million new cars to be sold in 2015” November 18, 2014

 

NADA: 16.94 million new cars to be sold in 2015

The National Automobile Dealers Association (NADA) forecasts 16.94 million new cars and light trucks will be purchased or leased in the United States in 2015, up from the 16.4 million projected for 2014.

Szakaly says that new-car sales rising above 17 million units in 2015 would require a ramp up in incentives and an increase in new-car purchases by millennial shoppers above what has occurred over the past two years.

With nearly seven weeks remaining this year, NADA says its original sales forecast of 16.4 million new-cars and light-trucks for 2014 remains on target with an expected healthy finish in sales in November and December. GDP will grow at 2.1% in 2014, with inflation remaining well tamed as the year ends.