Three Myths about Online Subprime Auto Financing
Could it be that 2016 is the end of the auto industry’s ride to the pinnacle of car sales? Perhaps it is - for now.
Since January’s NADA Convention, words like “plateau,” and “slow” have been common phrases used to describe the current state of sales volumes. Even Steven Szakaly, chief economist of the National Automobile Dealers Association (NADA), has forecast a slight decline of about 350,000 units, to 17.4 million. So it comes as no surprise that the first two months of 2017 saw sales decrease slightly when compared to the brisk pace set in 2016.
Welcome to the new slow-pitch world of car sales.