Auto dealers, experts say 2015 car purchases will slow slightly but won’t grind to halt, from The Blade.
The auto industry’s glimmering rise is expected to continue in 2015, though not quite with the same white-hot intensity of the last few years.
“The growth rate is definitely slowing, and that’s inevitable because the normal industry is cyclical, and we’ve been in an upward trend now since 2010,” said Tom Libby, an analyst with IHS Automotive.
Still, most forecasters see U.S. auto sales hitting their highest level in a decade this year, and doing so quite profitably — something that wasn’t the case in the years before the economic crash.
IHS Automotive said U.S. sales of new cars and light-duty trucks will reach 16.9 million in 2015, a 3 percent increase from last year’s anticipated total of 16.4 million.