The US Auto Industry may be looking at a 2011 filled with sales gains, if NADA's forecasters are correct. The National Automobile Dealer's Association predicts that US auto sales will rise 11.3 percent. That puts total volume just shy of 13 million units.
The reason for the increase? The average age of cars and trucks on the road is approximately 10.3 years. Therefore, the increased sales will be driven by consumer needs rather than desires. Basically, people will have to upgrade their heaps for something shiny and new (and running).
[Source: Automotive News – sub. req. | Image: Kevork Djansezian/Getty]