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4 More Robust Years Forecast for Car SalesBack

DetroitNewsU.S. auto sales will remain healthy for the next four years, economists said Tuesday. Speaking at a panel on the second day of the Center for Automotive Research’s annual Management Briefing Seminars, forecasters predicted about 17 million new cars and trucks will be sold annually in the coming years, a number that should remain consistent through 2018 as consumer confidence improves and buyers look to replace old cars. “I think today, things are going generally well,” said Itay Michaeli, director of Citi Investment Research and Analysis. “We’re in a cycle that’s pretty strong through 2018.”

Source: The Detroit News

Posted by Sue Robinson on 08/08/2014