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Auto Sales Expected To Remain Strong In November

Nov 21, 2011

Now that inventory of popular-selling vehicles has finally begun to rebound and the fleet of cars and trucks on the road continues to age, NADA Chief Economist Paul Taylor believes that new-vehicle sales will continue to improve in November. Taylor says that auto sales improved in October, but will be even better in November. With the average age of cars and trucks nearing 11 years old, Taylor says consumers are becoming more concerned about major breakdowns and the need to replace their older vehicles. Another factor that will result in improved new vehicle sales is higher prices for used cars. Trade-ins are worth more and that attracts consumers to the new car market as well.