Chicago Fed: Party Will Continue Into 2017, Over 17 Million Vehicle Sales Forecast

At the 23rd Automotive Outlook Symposium held in Detroit last week, participants representing manufacturing, banking, consulting and academia offered up predictions for 2016 and 2017. The general consensus: we’re in for a good time, possibly for a long time. The sales party will continue beyond 2017.

According to the Federal Reserve Bank of Chicago, which compiled median results from the symposium, the forecast predicts a total of 17.3 million vehicles sold in the United States this year. In 2017, the total number of sales is expected to dip ever so slightly to 17.2 million vehicles.

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  • Ajla I'm probably not going to buy an EV performance car. I just don't think the power delivery and silence are going to do it for me.Most likely is that I'll have an EV/PHEV "premium" vehicle, (which is where I think EV attributes make the most sense) and then have a "classic" ICE car for Sunday trips to Culver's.
  • Dukeisduke The US Postal Service uses some of these, complete with a custom grille that replaces the three-pointed star with a white-painted USPS eagle logo.I've never seen very many of these. About 50/50 split between the commercial versions and passenger versions.
  • Dukeisduke It's interesting that the Olds has a column shifted three-speed, while the nicer Buick still had to make do with a floor shift.
  • Dukeisduke A '51 Chevy Styleline De Luxe 4-door next to it, in the same color (Fathom Green) as the one my grandfather owned. It has a couple of accessories visible - bumper guards, like on my grandfather's, and the rear fender moldings above the taillights, which his didn't have.
  • Scott Do any car companies research demographics?going after a shrinking car buying market isn’t a recipe for success.hazrd a guess that most people in their prime car buying years don’t know anything about broncos or give a sht about a heritage model. Going to die on the vine. Bad strategy and failure for future growth