US: Dealers on track for record year - NADA
Despite slower November sales, the nation's franchised new-car dealers will sell a record 17.5 million new vehicles in 2000, according to the National Automobile Dealers Association. "Dealers are on track to break 1999's record by more than half a million vehicles," said NADA chief economist Paul Taylor. "The outstanding performance is testament to an extremely efficient retail network and has been powered by net household wealth that nearly doubled in the past five years." Total net wealth for US households in 1995 was $US12.3 trillion. It climbed to 22.4 trillion by the middle of this year.
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