J.D. Power Predicts Improved Car Sales in 2010

Auto-Sales-1 Car sales were so abysmal this year it’s hard to imagine they could get any worse, so it's not a huge surprise that J.D. Power and Associates is predicting a 15% sales jump for 2010. That would mean an increase from an expected 10 million units in 2009 to 11.5 million for 2010.

This comes in the face of predictions from politically conservative analysts that sales would drop off substantially following the end of the Cash for Clunkers program. J.D. Power cites several factors to repudiate this more negative line of thinking.

First of all, an improved credit market and an upswing in consumer confidence should help, as should smoothly functioning financial markets (well, at least a little more smoothly functioning than last year).

The firm also expects sales to pick up for the remaining months of 2009, increasing to 12 million units on an annualized basis for August. The final tally should include 200,000 more units than originally expected. This can be partly attributed to the government’s Cash for Clunkers program.

Auto Upswing: J.D. Power Predicts Sales Jump for 2010 (Autoblog)

By Stephen Markley | August 14, 2009 | Comments (5)
Tags: In The News

Comments 

Paul

After the clunkers program is over,dont look for car sales to spike.With no Obama dollars,that means a buyer will have to pony up for the entire cost of a new model.Or buy it and face repo.I dont see an end to the tunnel until other things fall in place.

JM

Ford Freestyle : FAIL

Paul

The Freestyle was replaced by Taurus X,which was also a failure.Frankly,I thought the 2 tone FreeStyle was a pretty decent looking wagon.Notice I said wagon and not SUV.Basically was a Five Hundred wagon,and should have been named as such (really 500 should have been called Galaxie 500....but,dont get me started on Ford's recent faux paus...).

vikki

you are gay. i am gay, we can be gay together. fuckkk you

reired at 24

Gm is bankrupt, the Usa is bankrupt and china is not buying our debt. 65% Of Americans live paycheck to paycheck. Should be the best year ever lol

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