The automotive industry is in the midst of a strong year, and experts predict that gains will only continue.
Jonathan Banks, executive automotive analyst for the NADA Used Car Guide, said that new vehicle sales will continue to be strong as trade-in values are high and automakers are offering generous incentives.
"Traditionally, this is the time of the year when auto manufacturers increase incentives on outgoing model year vehicles to make room for the new model year fresh off the assembly line and headed to dealer showrooms," Banks said.
NADA is also predicting that August will see mild depreciation for used cars and light trucks up to 8 years old. Those considering selling their vehicle can take preventative measures to ensure they fetch the highest price for their vehicle.
Vehicle owners are encouraged to practice preventative maintenance. Be sure to have fluids and tires checked, and always head to a professional service center at the first sign of trouble. Aside from service and repairs, vehicle owners should equip their interior with Husky Liners® custom fit floor mats. These liners will ensure a car's interior stays as clean as the day it pulled off the dealer lot.