In its latest newsletter, CNW Research says that even the slightest economic issue could upset the auto industry in 2015.
Floor traffic, closing rations and subprime approvals are all up so far this month, according to CNW Research. It believes the gains bode well for 2015 sales.
The market research firm’s prediction is based on skyrocketing subprime approvals and an active Hispanic consumer market, which, for the first time, could outpace African-Americans in new-vehicle purchases.
The market research firm says improvements in several key metrics last month are setting the stage for a spring rebound in vehicle sales.
November returned to normal after the partial government shutdown in October. CNW Research believes the purchase delays the shutdown caused could prime the market for a solid 2014.
November returned to normal after the partial government shutdown in October. CNW Research believes the purchase delays the shutdown caused could prime the market for a solid 2014.
August’s Jitters Index experienced a record 1.72 increase over last year, indicating that car sales could be headed for a slowdown, CNW Research reports.
Driven by an uptick in subprime loan approvals, the industry bounced back in July after a tough June. But an increasingly jittery consumer may put the brakes on sales going forward.
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