Auto Sales Up Heading Into 2012
By Sageworks, Inc:
By Mary Ellen Biery, Contributor
Auto sales should keep on trucking into 2012, according to some industry experts, and that could help private and public auto dealers in the coming year. Edmunds.com, a car-shopping website, recently reported that November’s stronger pace of auto sales reflected shoppers returning to the car-buying market after production shortages tied to the Japanese earthquake. Edmunds also said the trend is expected to continue into 2012. Year to date, sales of passenger cars and light trucks are up 10.4 percent from a year earlier, according to market research firm Autodata Corp. “Edmunds.com estimates that the ‘lost’ summer sales could total nearly 300,000 units and that roughly 100,000 have been made up to date,” said Edmunds.com Chief Economist Lacey Plache. As a result, this mini-bubble should support sales well into the first quarter of 2012. New sources of consumer motivation will then have to emerge in orderComplete Story »
- Original article
- Login or register to post comments
