- A fall in used car prices in the U.S. could put some pressure on automakers to offer higher incentives to lure in buyers for new vehicles, according to analysts.
- Truecar.com estimates that new-car incentives will push up 11% to $3K per vehicle in the next two years to counterbalance a drop in used car pricing.
- The long-term forecast for the automobile industry is still favorable with most research firms calling for a return to a pre-recession level of volume.
- Related stocks: AN, KMX, CRMT, GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM, OTCPK:FUJHY.
at Zacks.com (Nov 12, 2014)