Auto Industry Forecast: What Will Auto Sales Look Like in 2019?
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Auto sales for 2019 are trending towards late-model used vehicles, with an increase in consumer demand for light trucks (such as utility vehicles and pickups), according to a WardsAuto interview with TrueCar auto industry analyst Eric Lyman.
Lyman says the percentage of consumers in favor of light trucks will continue to trend upward, built on the momentum of the new Chevy Silverado and GMC Sierra pickups, as well as the Chevy Blazer SUV and buzz about a new Ford Bronco. Lyman attributes the demand for light trucks to their more practical and recreational functionality and ease of entry and exit, as well as advancements in technology such as blind-spot detection and parking cameras that provide enhanced navigation for these larger vehicles.
In addition, Lyman predicts the auto industry will see an increase in used-car sales this year, as certified pre-owned car programs are offering more late models and warranties at a significantly lower price point than new models. “It’s a strong value purchase for someone who is looking to stretch their dollars,” said Lyman.
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Read the full WardsAuto interview with Eric Lyman here.