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 Otc 901 Form 2020

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[Music] nada's Chief Economist looks for strong new vehicle sales this year sales of 15.4 million or an increase of 1 million units uh over last year what's driving the increase stronger economic growth we're going to get out of the 2% range to a slightly higher number uh 2 and 1 half to 3% depending on the quarter next year another plus an improved job market unemployment continues to drop a paycheck affects attitudes we think that will be accompanied by a somewhat stronger consumer confidence over the course of the year the impact on consumer Behavior gives them the confidence to go out and buy a new car a highly competitive financing Market make car buying more affordable so a tremendous financing environment and an environment that's able to uh approach financing for more individuals even those with a few bumps in their credit history and many consumers are way past due getting a new car we're sitting with the average car about 11.1 years of

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