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
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