Report: Car Sales Will Rebound

A report from the California Motor Car Dealers Association forecasts that car sales will remain slow during 2007 before returning to normal growth. For 2008 and 2009, new car registrations are expected to approach the 2.2 million mark. For the third quarter of 2006, new registrations of cars and light trucks declined 7.6 percent as compared to the same quarter in 2005. The summer of 2005 had stronger sales due to employee discount incentive programs, the report said. The association releases the full report on Nov. 16. The association is the country’s largest state association of franchised new car and truck dealers with over 1,350 dealer members.