NADA Chief Economist Paul Taylor predicts that the industry will sell and lease nearly 14million new cars and light trucks in 2012. A return to better credit conditions, more generous incentives from manufacturers and low interest rates are all credited for the turnaround in this year of economic recovery, according to Mr. Taylor. As the average age of cars and trucks on the road today creeps above 11 years, many consumers feel they can no longer delay making a new vehicle purchase. The Top Five Reasons for the Sales Prediction:1. Pent-up consumer demand.2. Return to stabilized credit.3. An influx of options.4. The wild card: gasoline prices.5. Stabilizing home prices.
Economy, Job Reports And ConsumerConfidence Drive Strong February Auto Sales