Automotive Outlook Better by 2008?

Auto sales in California will continue to slowdown through the rest of 2006 and 2007, but should return to near normal growth during 2008 and 2009, according to the third quarter California Auto Outlook report scheduled for release next week by the California Motor Car Dealers Association (CMCDA).
New registrations of cars and light trucks in California declined 7.6 percent in the third quarter of this year versus a year earlier partially due to the strong results during summer 2005, when the employee discount incentive programs were in full swing.
The market is predicted to move higher in 2008 and 2009, with 2009 registrations approaching the 2.2 million mark.
California Auto Outlook, is produced for CMCDA by Auto Outlook, Inc., an independent research company specializing in the analysis of statewide and regional automotive markets.
Vehicle Registration data was obtained from AutoCount, an Experian Company.
The California Motor Car Dealers Association is the America’s largest state association of franchised new car and truck dealers with over 1,350 dealer members.