Steven Szakaly, chief economist of the National Automobile Dealers Association (NADA), will issue a sales forecast for new cars and light trucks for 2017, and provide an economic outlook and identify the key economic factors that will shape auto retailing next year. Szakaly, who has predicted sales of 17.7 million new light vehicles for 2016, will also provide a year-in-review.
Jonathan Banks, vice president of vehicle analysis and analytics for J.D. Power, will discuss both new- and used-vehicle market trends and the key economic conditions affecting auto retailing, as well as how the used-vehicle market is performing in the final quarter of 2016, and how leasing and gasoline prices are affecting the industry.
A Q&A session with members of the media and industry will follow the briefing.
NADA, founded in 1917, represents nearly 16,500 new-car and -truck dealerships, with both domestic and international franchises.