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During the 2016 NADA Convention and Expo in Las Vegas, Jonathan Banks, executive analyst for NADA Used Car Guide, a division of J.D. Power and Associates, and Steven Szakaly, NADA chief economist, will conduct a joint press briefing in room N233 of the Las Vegas Convention Center on April 1 at 8:30 am.

Mr. Banks will present information on the following topics:

  • How the used vehicle market has performed so far during 2016
  • Forecast of used car prices for the remainder of 2016
  • How lease penetration and gas prices are affecting the industry
  • Analysis of Volkswagen’s EPA emission violation and its effect on VW, Audi and Porsche model prices in the used market

Mr. Szakaly will cover the following topics:

  • How new car sales are tracking based on NADA’s 2016 forecast of 17.7 million vehicles
  • Overview of the key economic conditions, trends, and challenges shaping the retail auto industry this year
  • Szakaly will release NADA Data 2015, an annual report on new-car dealership sales and financial trends

A Q&A session will follow remarks by both presenters. All credentialed media are invited to attend.

For press credentials, visit: http://www.nadaconvention.org/nada2016/Public/Cust_PressForm.aspx?ID=7726

If you have questions about the news conference or cannot attend, but would like to be added to the press conference news distribution list, please contact Ryan Morris, Sr. Manager of Public Relations, NADA Used Car Guide.