CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / NADA Forecasts 17.7 Million New Vehicle Sales in 2016

NADA Forecasts 17.7 Million New Vehicle Sales in 2016

November 18, 2015 By CollisionWeek Editor

Wage growth, combined with declining gas prices and low interest rates, projected to drive auto sales higher next year. Cautions next year could be peak.

Moderate wage growth, declining gasoline prices and continued low interest rates on auto loans will drive new car and light truck sales higher in 2016, Steven Szakaly, chief economist of the National Automobile Dealers Association, said yesterday at the Los Angeles Auto Show.

“New light-vehicle sales will rise to 17.71 million units in 2016, a 2.3 percent increase from our forecast of 17.3 million sales in 2015,” Szakaly said. “This would mark the seventh straight

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: forecast, NADA, National Automobile Dealers Association, New Vehicle Sales

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Repair Education Foundation Coronavirus Diagnostics Donations Earnings Florida I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Scholarships Service King Collision Repair Centers Texas United Kingdom Workforce Development

Recent Articles

  • Collision Repair Industry Production Sets New Record in April June 9, 2023
  • Blue Rock Refinishing Solutions Joins Refinish Distributors Alliance June 9, 2023
  • Mercedes-Benz Receives First California Certification for Production Vehicle SAE Level 3 Conditionally Automated Driving June 9, 2023
  • asTech Announces All-In-One Diagnostics, Calibrations, and Programming Solution June 9, 2023
  • IBIS Renews Partnership with INA PAACE Automechanika Mexico June 9, 2023
  • Interview: Jason Moseley, CEO of IBIS June 8, 2023
  • Hertrich Dealerships Opens 11th Collision Repair Center June 8, 2023

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2023 - QuanDec Corporation - All Rights Reserved · Log in