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Positive growth expected for U.S. auto market

Posted on Monday, January 13, 2014 at 9:51:58 AM

For those interested in auto financing, 2014 could be a fantastic year. Many leading experts predict a positive outlook for the U.S. auto market, with new options, better deals and stronger sales.

According to AutoTrader.com, there are several vehicles that are particularly exciting heading into the new year. For example, the Ford Mustang will have a redesigned exterior and interior and some spruced-up components underneath. There are also quality options from Cadillac, Mazda, Kia and Volkswagen.

"Even though 2015 models won't be available in showrooms until later this year, it's important for car shoppers to be aware of all of their choices as early in the research process as possible," Brian Moody, AutoTrader.com site editor, said in a statement. "Knowing that a vehicle will be all-new soon can help with negotiating if you're interested in the outgoing model, or if you're the type of shopper who wants the latest and greatest, you can plan your purchase accordingly." 

Reuters reported that the U.S. auto market will be strong in 2014, even nearing pre-recession levels. That means a total of around 16 million vehicles sold, with sales potentially up as much as 5.8 percent. Overall, normal recovery growth has returned, and that could lead to extra incentives for buyers in order to keep sales up.