Auto Dealers: Economic Outlook 2014

Will auto dealers continue to enjoy the post-recession rally in 2014, or has the benefits of pent-up demand been fully spent?

After another strong year for unit sales and price increases in 2013, auto dealers may be facing a more challenging environment in 2014. Headwinds in the form of higher interest rates and a languishing employment environment could cool the torrid growth of vehicle sales enjoyed by dealers since 2010.

In the midst of the uncertainty, many believe the good times will continue as the average age of vehicles on the road reaches an all-time high, credit standards become more relaxed, and certain pockets of economy show real signs of recovery.

Read the full article: Auto Dealers Economic Outlook 2014 to gain key insights on economic and industry-specific factors that every dealership owner should know going into 2014.