1308 ET - JD Power is holding its outlook for new vehicle sales in 2026 steady at 16.3 million, even as the war in Iran drives up the price of fuel. "Demand for new vehicles remains robust, despite economic uncertainty associated with the current situation in the Middle East and rising fuel prices," JD Power OEM Solutions President Thomas King says. He says that the effect of higher fuel prices is softened by the better fuel economy of modern vehicles, adding that car buyers have become less vulnerable to price volatility. "There is no doubt that the current situation in the Middle East will make things more difficult to predict over the near-term, and the longer-term risks to auto sales are material, but the fundamentals are strong for a solid year in 2026," King says. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 13:08 ET (17:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments