US auto sales might reach a peak, but still stay strong!

US auto sales might reach a peak, but still stay strong!: There is still much space for the US auto sales to grow. Many car industry leaders have expressed their worries that the six-year expansion is about to lose steam. The analysts believe that the peak has passed, but car makers are still not ready to accept that. The seasonally adjusted, annualized rate of sales, a broad measure of the industry's health, peaked at 18.15 million light vehicles during the current cycle in October 2015.

The pent-up demand following 2008-9 downturn has been exhausted, at least that's what economists think. Because of that they have predicted an anticipated drop in average prices for used vehicles, spurred by a spike in off-lease vehicles, which will undermine the new cars market at some consumers balk at rising transaction prices for new cars and light trucks. This July, the average sales grew by only 0.5%, hitting 10 million cars for the first half of the year. General Motors still has positive hopes, the list of pluses the company has achieved within this period makes it believe “the game's not ever”. The last year the seven months sales were composed of 17.47 vehicles while in 2016 the increase is about 1.1%.