February auto sales rate to surpass expectations may result in an increase of used cars in stock
Posted on Monday, February 27, 2012 at 6:10:12 PM
New car sales are expected to surpass 1 million units and reach 13.8 million with a Seasonally Adjusted Annualized Rate (SAAR) for February 2012, according to Kelly Blue Book, the leading provider of information on new and used cars.
"From a pure volume perspective, in the months ahead, sales will continue to exceed last year's figures, but this year there may be more volatility from month-to-month than in 2011," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book.
The influx of new car sales will result in an increase in used car stock - a benefit for consumers looking for a great deal on a reliable car. As consumers trade in their used vehicles, more and more cars will be available at an affordable rate. This may entice consumers to find auto financing options that assist them in trading in an older used car for a more gently used one.
Individuals who may have not found the used car they were looking for in the past, may want to consider shopping around in the beginning of March to receive a competitive auto deal.