NADA: New Car Sales Expected To Rise 5.8 Percent - 47 ABC - Delmarva's Choice

NADA: New Car Sales Expected To Rise 5.8 Percent

Posted: Updated:

NEW ORLEANS (AP) - Boosted by rising employment, home values and housing construction, Americans will buy 16.4 million new cars and light trucks this year.

That's the prediction from the National Automobile Dealers Association, which is meeting in New Orleans.

Economist Steve Szakaly (ZAK-uh-lee), says the 5.8 expected increase will mark the sixth year of recovery from the financial crash and automotive bankruptcies.

Jonathan Banks, analyst for the group's Used Car Guide, says those years of new-car buying and leasing will push prices down for recent-model used cars and trucks, averaging 2.5 percent less than last year's prices. He says 5- to 8-year-old vehicles remain scarce because few people bought cars during the recession. Those prices are likely to be flat.

He says used-car prices are likely to be slightly lower than last year's.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsDelmarva HeadlinesMore>>

  • DE Falls Short Of Revenue Estimates, May Face Budget Cuts

    DE Falls Short Of Revenue Estimates, May Face Budget Cuts

    Tuesday, April 22 2014 10:38 PM EDT2014-04-23 02:38:27 GMT
    DELAWARE - Lawmakers in the first state may face hurdles as they work on a budget for the upcoming fiscal year.More >>
    DELAWARE - Lawmakers in the first state may face hurdles as they work on a budget for the upcoming fiscal year.More >>
  • "Right To Work Zones" Could Come To DE

    "Right To Work Zones" Could Come To DE

    Tuesday, April 22 2014 10:22 PM EDT2014-04-23 02:22:55 GMT
    DELAWARE - In an effort to revitalize Delaware’s manufacturing industry, state Senate and House Republican leaders reportedly announced legislation to create “right-to-work” zones in Delaware on Tuesday.More >>
    DELAWARE - In an effort to revitalize Delaware’s manufacturing industry, state Senate and House Republican leaders reportedly announced legislation to create “right-to-work” zones in Delaware on Tuesday.More >>
  • More Than 170 Signs Set To Enforce Smoking Ban In Rehoboth

    More Than 170 Signs Set To Enforce Smoking Ban In Rehoboth

    Tuesday, April 22 2014 10:17 PM EDT2014-04-23 02:17:19 GMT
    REHOBOTH BEACH, Del. - 171 signs are going up to enforce a smoking ban in Rehoboth.More >>
    REHOBOTH BEACH, Del. - 171 signs are going up to enforce a smoking ban in Rehoboth.More >>
  • ContestsMore>>

  • Spring Gas Giveaway

    Spring Gas Giveaway

    Let WMDT fill up your tank! It's time for our Spring Gas Giveaway! More >>
    Enter for your chance to win a $100 Exxon/Mobil Gas Card!More >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.