J.D. Power and Associates predicts U.S. light-vehicle sales could reach 16.5 million to 17 million this year, much higher than its earlier forecast of 15.7 million.
In a Friday, March 15, conference call, Bob Schnorbus, chief economist for J.D. Power, said the company's official forecast is at 16 million, due to stronger than expected January and February sales. But Schnorbus said the company will hike it again next month if March sales continue at current trends. "Right now, I'm inclined to lean toward 16.5 million for the year," said Schnorbus. He said the company's mathematical models point to 17 million for the year.