Auto Sales Predicted to Improve in 2008 & 2009, According to Latest CMCDA Forecast

SACRAMENTO, Calif., Nov. 9 -- 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.

Find out about domestic brand vehicles, SUV, Luxury, Japanese, and Toyota market share. Charts and graphs are available in California Auto Outlook. Get the full scoop on the Golden state's automotive market:

  Who:      California Motor Car Dealers Association
            Jeff Foltz, CMCDA Economic Consultant
            Bert Boeckmann, CMCDA Chairman and President of Galpin Ford
            Peter Welch, CMCDA President

  What:     Press Conference Call to discuss California Auto Outlook
            covering third quarter 2006

  When:     Thursday, November 16
            10:30 a.m. PST

 

Auto Outlook third quarter reports about Silicon Valley, Orange County, Southland and San Diego automotive markets' are available on CMCDA's Web site www.cmcda.org, under the Newsroom section.

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.

About CMCDA

The California Motor Car Dealers Association is the country's largest state association of franchised new car and truck dealers with over 1,350 dealer members.