Automotive market off to a hot start in 2017 [Video]
Posted on Wednesday, January 25, 2017 at 4:47:06 PM
The automotive industry in the United States has pulled a proverbial 180-degree turnaround since the Great Recession, seeing two straight years of record high sales and some of the best access to credit for buyers in recent memory. Many factors are combining to make right now such a good time to purchase a new or used car.
Kelley Blue Book recently reported that many major manufacturers have posted positive revenue gains in the beginning of 2017, and that there is even a chance that this year will break last year's record of units sold. This, combined with rising inventories and some of the highest levels of incentives - running between 20 and 25 percent higher than typically seen - is combining to give consumers a lot of reasons to make a purchase.
Also notable is the fact that automotive financing programs have become far more flexible and available. Car buyers who will need a loan to purchase a car can learn more about the options available, as well as which program best suits their unique needs, by speaking to a representative from a local bank.