Insight

Used cars: the canary in the coal mine for auto?

December 2016
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The US automotive industry has been enjoying some of its best years ever. However, our latest forecast predicts new-vehicle sales will likely drop meaningfully in 2018 and by more than 2 million units by 2019 versus 2016. One big reason? Increased used-vehicle sales will likely deflate the market.

At a glance

  • New-vehicle sales are likely already past peak.
  • Years of high used-car prices following the recession sowed the seeds for a coming dip in new-car prices.
  • Automakers need to make courageous decisions now to prepare for the coming sales decline.

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