NADA says U.S. sales to hit 12.9 million in 2011

Chevrolet Cruze

12.9 million – that’s how many new vehicles National Automobile Dealer Association (NADA) says the United States will sell in 2011. That figure is up 11.3 percent and NADA says that is going to happen as economy recovers, lending eases, and interest rates stay low.

The United States sold 11.6 million vehicles in 2010, when sales advanced 11 percent from the previous year’s 27-year low.

“Economic indicators point to an economy with growing strength,” NADA chief economist Paul Taylor said in an interview.

If NADA is right, light vehicle sales will be the highest they’ve been since 2008 when the U.S. had 13.2 million vehicles sold.

– By: Omar Rana

Source: Automotive News