The National Automobile Dealers Association, a trade group representing US-franchised new car dealerships, is forecasting sales of 16.8 million new cars and light trucks in 2019. With a strong finish last December, new light vehicle sales topped 17.3 million units in 2018, marking the fourth best sales year in US history.
Last year, consumers continued to abandon car segments. Light trucks accounted for 69% of sales, while cars accounted for 31% of sales. In 2017, the ratio was 65% light trucks and 35% cars. About 10 years ago, the sales mix consisted of 48% light trucks and 52% cars.
For more information, visit www.nada.org.