NADA Economist Paul Taylor: 2013 Looks Good

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The sales momen­tum of new cars and light trucks estab­lished last year is like­ly to con­tin­ue in 2013, pre­dicts Paul Tay­lor, chief econ­o­mist of the Nation­al Auto­mo­bile Deal­ers Asso­ci­a­tion.

Tay­lor expects more than 15.4 mil­lion new vehi­cles will be pur­chased or leased in the Unit­ed States this year, an increase of 1 mil­lion vehi­cles over 2012. Last year, 14.4 mil­lion new vehi­cles were sold.

“Pent up demand, afford­able auto loans and entic­ing new-vehi­cle designs add up to a sol­id sales year that will out­per­form the over­all U.S. econ­o­my,” Tay­lor said.

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