According to forecasts from the National Automobile Dealers Association (NADA), new vehicle sales are expected to increase by more than 3% during 2015. NADA sees U.S. new vehicle sales growing to 16.9 million in 2015, up from 16.4 million in 2014, due to continued economic improvement, low interest rates, and dropping fuel prices.
The Automotive News Data Center shows the monthly U.S. adjusted sales rate has topped 16 million vehicles for eight consecutive months and, in August 2014, surpassed 17.5 million. However, NADA’s chief economist Steven Szakaly predicts sales may plateau or even decline after 2015 as the growing number of car buyers with five- to seven-year financing deals delay their next purchase to pay down long-term loans.
Despite this, automotive outlook remains strong for the year ahead. “Rising employment and wages and lower gasoline prices all signal an increase in new light-vehicle sales in 2015,” says Szakaly. “The economy will continue to build on the solid growth established in 2014, and we also expect the fundamental conditions to improve [next year].”
With the rise in automotive sales predicted for 2015, auto shops and dealerships across the country will need to drive organizational efficiency to keep pace with the increase in demand. Lista’s vehicle & engine service & repair solutions, which include workbenches, cabinets, toolboxes, mobile workcenters, and tool storage systems, can help keep the workspace revved up.