Last year saw the resurgence of the auto industry in records sales. January continued this trend and it looks like that trend will not be stopping anytime soon. J.D. Power and Associates have come out with a report stating that new vehicles sales in February are going to surpass them. How much exactly? Retail sales are projected to in at 857,400 unites. That comes out to an increase of 5 percent from the previous year. That’s also more than a million unit increase in the sales from just last month.
“Retail light-vehicle sales in February are strong, which makes us modestly optimistic about the growth of sales going forward,” said senior vice president of global automotive operations at J.D. Power and Associates, John Humphrey. “More so, we’re increasingly confident that the fundamentals are in place to continue to support an upbeat sector outlook for the coming year.”
J.D. Power and Associates also detailed that 72 month leases accounted for 23 percent of all the sales done in February. That’s the highest level it’s been in five years, which is an increase of 19 percent from 2011.
The news keeps coming in that the tide has finally turned for the better. With all the auto companies posting positive sales in the previous year and January, it looks like the trend is definitely going to continue into February. Now is the best time to take advantage of this increased demand. Contact Special Finance Group at 212-239-7270 or visit us online for any questions. Be sure to also like us and follow on Facebook and you’ll stay up to date on all the latest news and offers