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Take the AutoFinanceNews.net Car-Sales Crystal Ball Challenge
2009 is finally behind us. The bad news is that the numbers are in, and 2009 was officially the worst car-sales year since 1982. The good news: It can only get better.
In all, 10.4 million new cars were sold last year, down 21% from 2008 and down 35% from 2007. All manufacturers but Hyundai posted year-over-year sales volume declines.
So where does that leave us for 2010? GM expects industry sales in the 11-million-to-12-million range, while Ford forecasts sales of 11.5 million to 12.5 million vehicles. Barclays Capital Research predicts U.S. light vehicle sales increasing to hit 11.7 million units this year.
Care to venture a guess? Be as specific as you’d like, and we will crown an AutoFinanceNews.net winner come January 2011.
My prediction: 11,613,770.
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Agreed.
What kind of demand was there for the deal, Larry? Pricing?
I believe that this year we are going to see more lenders come back to the fold giving the market more confidence and being from the optimist club I can see 11,950,000. People are going to need cars and loans based on what has been going on for the last couple of years. This year could be the beginning of the breakthrough.
10.7 million. Sales will take awhile before they improve as the consumers are not yet over their economic shock.
I say some of these folks are being very optimistic! I would say we will be lucky to hit 11MM
Congratulations to Chad Brown, winner of the inaugural AutoFinanceNews.net Crystal Ball Challenge!
On Jan. 6, 2010, Chad predicted 11.5 million light-vehicle sales in the U.S. The actual number, according to AutoFinanceNews.net’s tally: 11,516,418.
Kudos, too, to Ricky Beggs, whose prediction put him in second place. The guess: 11,498,654.
I do believe we’ll have a better year than last year based on greater credit availability and some market improvements. So I predict 12,075,000.