There are still gloomy outsights towards current lagging economy situation, especially in the field of automobile sale. However the chief economist of NADA said that the sale trend will boost for the next few months, even with the mixed results from major U.S automakers in April 2012.
He quoted as saying “Modest economic growth, declining gas prices, low interest rates and affordable leasing options to choose from, also aging cars needing to be replaced will be strong indicators that the future auto sales will be growing.” If the gas price keeps going down, then the consumers will feel comfortable with buying a new or used car in the near future. He predicts that new and used sport-utility vehicles, crossover-utility vehicles, minivans and pickup trucks sales will increase by more than 10 percent in 2012, as more demand will come in.
Another factor for car sale boost is the already higher value of used car trade-ins. According to NADA guide, used car prices have been continuously rising in recent months which in turn resulted in the rise of trade-in values for used cars owners who are looking for another vehicle to replace.