It could be 5 years before annual U.S. light-vehicle sales return to the pre-pandemic level of 17 million, Cox Automotive chief economist Jonathan Smoke says.
“Rather than letting seismic shifts rock us to the core, let’s make this a defining moment and create our own destiny,” says 2021 NADA Chairman Paul Walser.
“It was standing-room-only with people lined against the back wall, something I’ve never seen before at a franchise meeting,” says Tim Hovik, chairman of Ford’s National Dealer Council.