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Saturday, September 19, 2015

What's Happening in Today's Auto Industry? (Pt. I)

What's Happening in Today's Auto Industry? (Pt. I) 

Based on recent J.D. Power Automotive research, this year, the automotive industry is going to retail over 14,070,000 vehicle units, which is the second best retail sales performance ever.

However, this rate of growth, though positive, is slowing. This year, retail growth will be 510K vehicle units over last year, versus over 710K units of growth last year. Next year, the projected growth will be much smaller. What does this mean to dealers?