Edmunds projects continuing reduction in new vehicle sales

Edmunds notes that car sales will stay at a high level with good economic factors like low unemployment.
Edmunds notes that car sales will stay at a high level with good economic factors like low unemployment. | File photo

Edmunds' 2019 Forecast and Trends Report predicts new vehicle sales will continue to decline in 2019, following a trend that began in 2017. 

Edmunds analysts project sales of 16.9 million new vehicles next year, compared to a forecast of 17.2 million vehicles at the close of this year.

In spite of the downward trend, analysts at Edmunds note that car sales will stay at a high level with good economic factors like low unemployment, high consumer confidence, and low gas prices.

The Edmunds 2019 Forecast and Trends Report took a deep-dive approach in studying other major factors that will affect the industry, including the current transition to light trucks and SUVs away from passenger vehicles, the effect of the expiration of tax credits on electric vehicles, and an increase in fleet sales.

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