For the third straight year, sales for new cars and trucks in California exceeded 2 million and the forecast for 2018 anticipates the number to top 2 million again — but just barely, as the rate of growth is slowing.
New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest years ever recorded by the California New Car Dealers Association (CNCDA), which releases sales figures each quarter.
About 2.01 million cars and trucks are expected to be sold this year.
“That’s the California new vehicle market — it’s 2 million a year, pretty stable,” said Brian Maas, the CNCDA president. “That seems to be the place where the market is sitting when it’s healthy.”
The new car market has plateaued after seven straight years of significant increases. Registrations in the final three months