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NADA Industrial Report

Over the last couple of years, the sale of motor vehicles has increased due to economic growth and an increase in demand for luxury products by people from different parts of the world. For example, in the United States, the sale record for motor vehicles has been on the rise over the last two decades. The same trend can be observed in other countries in the world. However, this extensive growth of demand does not mean living conditions and standards have grown for all citizens across the globe. But the most notable point is that even the motor vehicle industry has grown significantly, leading to mushrooming of vehicle manufacturing firms internationally. Most of the information regarding the sale of vehicles is easily available from the internet. One of such reliable sources is the NADA market. NADA market beat offers last of information regarding the current sales as well as forecasted sales over the next several months and years. Specifically, this report utilizes data provided about the NADA 2017 Sales Data.

From the information available on the NADA website, one can conclusively say that the sales forecast will remain at the current $17.1 million. However, for the next year, the sales record will be about 4.28 million dollars for the first three months of the next year. The sale forecast can be considered as capturing the actual information base on a consideration of several months that the reliable. Additionally, this information can be used to create an informed forecast for the sales of the next several months.

Additionally, it can be forecasted that the overall sale of the light vehicle under the Seasonally Adjusted Annual Rate (SAAR) will be 17.44 million dollars over the next 3 months based on the information provided at the NADA. This information is made through a forecasting process that identifies different forecasting trends for sale completed during 2017. Additionally, the data is gathered from different dealers in the United States to create a well-united data source.

One of the most applied forecasting methods is the Seasonally Adjusted Annual Rate (SAAR). This a calculation late that is adjusted to accommodate seasonality of the sale of automobiles over the forecasted period. In this case, the data presented appear more...