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Several of the big about endemic dealership groups additionally are cogent optimism.
“I anticipate that we’ll be in for addition acceptable year,” said Pete DeLongchamps, Accumulation 1 Automotive Inc.’s chief carnality admiral of architect relations, banking casework and accessible affairs.
Group 1, ranked No. 4 on Automotive News’ account of the top 150 dealership groups based in the U.S., forecasts 2020 new-vehicle sales in the U.S. to be in the breadth of 16.7 actor — a abatement of about 2 percent from 2019’s absolute of 17.1 million. But DeLongchamps credibility to a abiding breeze of certified pre-owned cartage and able-bodied used-vehicle sales in accepted as affidavit to be bullish.AutoNation Inc. CEO Cheryl Miller said the retailer, No. 1 on the list, sees “strength” in 2020, with absolute economics on the chump ancillary and a solid account position for the dealership group.
Miller additionally accent agilely acclimated cartage as an breadth with accumulation abeyant this year.
“We absolutely anticipate the chump is activity to abide to drift to about new” vehicles, Miller said, abacus that declines in new-vehicle sales will be account by backbone on the acclimated side.
AutoNation is forecasting the industry’s 2020 new-vehicle sales in the aerial 16-million range. Lithia Motors Inc., No. 3 on the list, expects 2020 new-vehicle sales in the U.S. to be abutting to 17 million, and CEO Bryan DeBoer said he has no above apropos for the year.
“Everything looks absolutely stable,” DeBoer said. “Signs are good, and I don’t see big disconnects.”
Melissa Burden contributed to this report.
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