One-quarter of Americans say they would be likely to buy an electric vehicle for their next auto purchase, with Millennials leading the way (30%).
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Internal combustion engine vehicles could remain on the road even longer than is common today, creating a golden age for the ICE aftermarket.
Nearly 13% of consumers are paying $1,000 monthly for a new car, NADA reports.
Today’s national average of $4.67 is 32 cents less than a month ago and $1.53 more than a year ago.
The association is asking for the industry to partake in a “Right to Repair Awareness Month” this July.
"Our projection in this current economy is we might even outperform our usual historic performance," says AASA's Paul McCarthy.
Two privately held manufacturers will operate as one and will expand LSI's Hot Shot's Secret products into new distribution channels.