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

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 Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Australia Launches Review of Landmark Right to Repair Law July 2, 2025
  • Aviva Completes $5 Billion Acquisition of Direct Line to Become Largest Auto and Home Insurer in the UK July 2, 2025
  • CARSTAR Owner Adds Bosch Auto Repair Franchise in Houston, Texas July 2, 2025
  • Record 61.6 Million Americans to Drive During July 4th Week July 2, 2025
  • Autel US Launches $25,000 Scholarship Program for Auto Repair Students July 2, 2025
  • Fix Network Names Sonia Bouthillette VP of Sales and Operation for Canadian Operations July 1, 2025
  • Mental Health Crisis, Police Cuts Linked to Rise in Impaired-Driving Deaths During Pandemic July 1, 2025

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 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in