So much for auto sales slowing down in January.
As the automakers reported their sales for the start of the year it became clear the combination of pent-up demand and a slowly improving economy are driving more people into the showroom.
So much for auto sales slowing down in January.
As the automakers reported their sales for the start of the year it became clear the combination of pent-up demand and a slowly improving economy are driving more people into the showroom.
Some of these numbers stand out more than others.
The consensus in the auto industry is that sales this year will be close to a rate of 14 million vehicles. If January is any indication, it’s easy to see why: Dealers are reporting steady traffic from buyers looking to unload their older cars.
What’s encouraging for the automakers is the fact they’ve been able to hold the line on production. Automakers are not overbuilding and only increasing production when demand requires it. This shows restraint at a time when automakers have pricing power and could be easily tempted to flood the market.
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