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Reading: Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales
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Used Car

Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales

Loknath Das
Last updated: 2017/07/13 at 5:49 AM
By Loknath Das 1 Min Read
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It’s going to be tough to beat last year’s record U.S. sales of 17.55 million cars and trucks, according to a new study released Wednesday by AlixPartners. The consultancy expects a total of more than 1 million vehicles to come off lease last year and this year, creating a “used-car time bomb” that drags on demand for new autos. For the last 11 months, discounts on new vehicles have averaged more than 10 percent off the sticker price, a historical harbinger of automotive downturns, AlixPartners said.

[“Source-bloomberg”]

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TAGGED: Auto, bomb:, Drag, Expected, on, Sales, Time, to, U.S:, Used-car
Loknath Das July 13, 2017
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