While some auto industry analysts are insisting auto sales are leveling off, top industry execs who attended the 2016 J.P. Morgan Auto Conference in New York said sales have yet to peak.
According to an article in Automotive News, the seasonally adjusted, annualized rate of sales, which is a broad measure of the industry’s health, peaked at 18.15 million light vehicles during the current cycle in October 2015. The SAAR topped 18 million in September, October and November 2015, but has averaged 17.37 million in the months since.
U.S. light-vehicle sales in 2015 came in at 17.47 million. Sales in the first seven months of the year stand at 10.16 million — an increase of 1.1 percent over the same period in 2015.
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