NEW ORLEANS – Speaking at the National Automobile Dealers Association’s (NADA) 88th Annual Convention & Exposition in New Orleans, NADA Chief Economist Paul Taylor said that used-car sales at franchised new-car dealerships, along with new-car sales, will continue to receive increased attention this year, as employment gains help used car sales. In 2005, Taylor said used-car sales by franchised new-car dealers should exceed 12 million units.

"Layoffs were a problem for used-car sales in 2004," Taylor pointed out. "Many typical used-car buyers returned to work last year and will buy a used car in 2005."