Paul Taylor, NADA chief Economist, on 2011 car sales

Paul Taylor, NADA chief Economist, on 2011 car sales

U.S. new-car and light-truck sales are headed for double-digit percentage gains in 2011, says Paul Taylor, chief economist of the National Automobile Dealers Association (NADA). Taylor talked with John Batchelor, host of the Johnbatchelorshow.com, and myself.

“Sales will reach 12.9 million new-cars and trucks in 2011,” Taylor says. For 2010 there were 11.55 million light vehicles were sold.

Heres a list of NADAs top five factors that will accelerate new-vehicle sales this year:

1. More new truck and car choices

2. Available credit at historicallly low-interest rates

3. Tax certainty leads to certain growth

4. Stock Market rise boosts luxury car sales

5. Rising gasoline prices expand vehicle sales mix

About NADA: The National Automobile Dealers Association, founded in 1917, represents about 16,000 new-car and truck dealers, with about 34,700 franchises, both domestic and international.

By | 2011-01-13T18:04:20+00:00 January 8th, 2011|Categories: Auto industry news, Manufacturers, Podcasts, Radio, The John Batchelor show|0 Comments

About the Author:

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a member of the North American Car and Truck of the Year (NACTOY), Women's World Car of the Year (WWCOTY), and the Concept Car of the Year.