US Car Sales To Hit 13.9 Million–National Automobile Dealers Association

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By Douglas A. McIntyre Published

The National Automobile Dealers Association reports that its economists expect new car sales in the US to reach 13.9 million this year. Its forecasts may be better than those of the car companies. The NADA has more boots on the ground–it represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international.

The figure, if reached, would boost car companies profits. It would also help the industry add jobs and capacity. Most important for the NADA, it would take hundreds of dealers which make very little money, or lose it, and turn them profitable.

The primary reasons for the NADA forecast

(1)    Aging vehicles,

(2)    Affordable credit, and

(3)    Aggressive incentives

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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