Economists and industry leaders predict another robust year of U.S. new-vehicle sales, even if most see 2017’s total falling short of last year’s record 17.5 million cars and light trucks.
“If this is a plateau, as some have called it, it’s got a helluva view,” said John Mendel, executive vice president of American Honda Motor Co.
Automotive News reported that most forecasts see sales in a range of 16.8 million to 17.5 million, with the wild cards that will determine the final number being incentives, interest rates, the appeal of new technology in vehicles and, more than anything else, President-elect Donald Trump.
Many observers see sales rising as a Trump administration and Republican-controlled Congress cut taxes, ease government regulations and create jobs by funding infrastructure improvements.
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