Car dealers are happy right now, thanks to what’s looking like the best December in history for new car sales. Car shoppers are happy, too, since it’s the best time of the year to get a great deal.
As experts predicted, 2013 has been a huge year for auto sales. The latest numbers project that new car sales will add up to 15.66 million for the year, an increase of 8% over 2012 (which was a great year itself for dealerships and manufacturers bouncing back after years of a tenuous post-recession economy).
Statistics indicate that, in terms of new car sales, 2013 will end strong. Experts’ forecast calls for 1,425,818 new cars and trucks to be sold nationwide in December, a 15% increase over November and a 5% higher than December 2012. The Detroit Bureau reported that consumers are slated to spend a total of $34 billion on new cars this month, which will be an all-time high for December.
Strong consumer demand in December is the cap on another strong year for the auto industry. Retail sales in 2013 are expected to reach 12.8 million. Along with consumer spending reaching a record $375 billion, this represents a $40 billion increase in comparison to 2012.
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