Despite some economic headwinds on the horizon, the National Automobile Dealers Association is holding steady at its original U.S. sales forecast for new cars and light trucks this year. “Overall, we still expect sales and leases to reach 17.1 million new vehicles in 2017, with the expectation that rising consumer incentives will overcome any increases […]
NADA Economist Projects Sustained New-Vehicle Sales
Forecast calls for slight decline in 2017 sales to 17.1 million vehicles. The strong economic growth that propelled new-vehicle sales to back-to-back record years in 2015 and 2016 is on pace to continue into 2017, said Steven Szakaly, chief economist of the National Automobile Dealers Association (NADA) at a press briefing during the NADA Convention […]
NADA Blasts EPA for Rush on 2025 Emissions Standards
Dealer association says EPA’s rush to final emission standards will make personal transportation more expensive and delay purchases of cleaner, safer vehicles. The National Automobile Dealership Association (NADA) President Peter Welch last week issued a statement in response to the EPA’s decision to finalize 2015 emission standards. “Washington today decided to make new cars and trucks more expensive […]
NADA Forecasts Slight Decline in U.S. New Vehicles Sales to 17.1 Million in 2017
Steven Szakaly, chief economist of the National Automobile Dealers Association, is predicting sales of 17.1 million new cars and light trucks in 2017, a 1.7 percent decline from projected 2016 sales. With less than two months left in the year, new-vehicle sales are forecast to reach 17.4 million, which would be a slight decline from […]
Percentage of Dealers Operating Body Shops Flat in 2015
Body shop sales and wholesale parts sales both increased last year. According to the latest research from the National Automobile Dealers Association (NADA), 39 percent of dealerships featured on-site body shops in 2015, flat from 2014, but above the 36 percent in 2013. Based upon the percentages reported by NADA, there were approximately 6452 dealers […]
NADA Forecasts a Record 17.7 Million New-Car Sales in 2016
National Auto Dealers Association sees car and light truck sales increasing two percent this year versus 2015. More good news on the auto sales front for the collision repair and auto insurance industries. U.S. sales of new cars and light trucks will set an all-time record in 2016, said Steven Szakaly, chief economist of the […]
NADA Forecasts 17.7 Million New Vehicle Sales in 2016
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 […]
J.D. Power to Acquire NADA Used Car Guide
J.D. Power and the National Automobile Dealers Association (NADA) announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a premier source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established by NADA in 1933, NADA […]
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