As pent-up demand peters out, US to peak in 2016

The US light vehicle market is on course for its seventh consecutive year of growth in 2016, but that should mark the peak and moderate declines will follow, according to the latest forecast by Steven Szakaly, the National Automobile Dealers Association's (NADA) Chief Economist. Speaking in a conference call ahead of the Los Angeles Motor Show, he observed: "One of the most important things to remember is that we've seen such tremendous and consistent growth over the course of 2015. While we've seen other struggles in retail - Kohl's and Macy's, in metals, mining and mineral, as well as some slowdown in the heavy and medium duty segment, light vehicles continue to lead."