Even with the recent statistic of America’s average car age climbing almost to teenie bopper status, there are many signs pointing in the direction of new car sales. Consumers are awaking to the fresh new car smell, with a 1.2 million car growth in sales from 2010-2011.
Polk analyst Mark Seng predicts sales to grow roughly 1 million cars per year through 2015, which industry analysts consider back to normal. Polk also states that the number of cars in the United States in 2010 grew slightly, from 240 million to 240.5 million. The aging trend of vehicles has stalled U.S. auto sales since 2009, when they reached a 30-year low of 10.4 million new cars and trucks sold. The slow growth has put the brakes on auto companies and parts manufacturers hiring in large numbers.
Consumers will continue to aid dealerships in new car purchasing with the gradual rise in employment in the U.S. New car sales are projected to surpass the all-time high set in 2005 by 2016. The grass is indeed greener in the near future.
No comments:
Post a Comment