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Used cars to grow in sales in U.S., new to fall

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Staff Writer | March 26, 2018
Used cars should experience strong demand and growth in sales across the U.S. in 2018, as the economy continues its strong performance, while new cars may see a slight downtick as industry headwinds become more pronounced.
used car sales
Auto industry   Used Car Market Report & Outlook
Economic conditions improved throughout 2017, helping support 39.3 million used-car sales, up 1.8 percent from 2016. New-car sales, conversely, reached 17.1 million, down 2 percent.

The economy is expected to accelerate further in 2018, supporting higher used-car sales of 39.5 million. New-vehicle sales in 2018 are expected to decline to 16.7 million, however.

These forecasts and the trends behind them are explored in the Cox Automotive 2018 Used Car Market Report & Outlook, released today at the annual National Automobile Dealer Association (NADA) Show in Las Vegas.

Previously known as the Manheim Used Car Market Report, the book has been reinvented for its 23rd edition.

The Used Car Market Report & Outlook has been expanded to include perspectives from across Cox Automotive's family of brands, while still maintaining the long tradition of packing its pages with salient data, smart insights and keen industry observations.