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dailyphilo117   , 45

from Baton Rouge


Dealer organization says US auto sales to peak in 2016 - Reuters

Szakaly spoke about Tuesday at the center regarding Automotive research annual autos conference near Traverse City, Michigan.

Steven Szakaly, economist for that U.S. sales will peak in a record higher within 2016 and then slide back to with regards to last year's level.


July U.S. auto sales were a robust 17.55 million vehicles on a seasonally adjusted annualized basis, according to Autodata Corp.

The existing annual record for U.S. The Actual economist for that National Automobile Dealers Association declared U.S. auto dealer lobbying organization, said revenue of recent vehicles will hit accurate documentation 17.46 million next year, then slide again for you to 16.65 million vehicles in 2017.

NADA sees 2015 auto sales from 17.17 million vehicles, that could be a new 4.4 % rise from your previous year.

Auto sales get steadily been recovering since hitting 10.4 million vehicles throughout 2009.

"Employment does really well, that is critical in order to new- as well as used-car sales, so we anticipate gasoline prices in order to carry on to stay low," Szakaly stated inside a statement issued through the NADA.

(Reporting through Bernie Woodall; Editing simply by Phil Berlowitz)

. new vehicle sales can be 17.35 million throughout 2000