Auto sales on the rise in September 2012
Posted on Monday, September 24, 2012 at 9:06:41 PM
The nation's economy is showing signs of marked improvement - even the auto industry. According to the most recent monthly forecast from J.D. Power and Associates' Power Information Network and LMC Automotive, 1,152,700 vehicles were sold in September 2012 - 11 percent more than in September 2011.
"Consumer willingness or need to overlook the economic uncertainty is the driving force behind the recent strength in light-vehicle sales," said Jeff Schuster, senior vice president of forecasting at LMC Automotive. "During the next few months, car buyers will be processing further economic news."
Further research indicates that most major vehicle classifications will experience retail gains in the upcoming months. The only exceptions to this prediction are midsize utility vehicles and large pickup trucks. In contrast, the subcompact and midsize car groups are expected to undergo the greatest rate of sales growth - almost 25 percent.
Potential car buyers may wish to consider evaluating their transportation needs to determine the vehicle that best fits their criteria. Upon finding the right ride, Home Loan Investment Bank's auto financing can provide an affordable solution for purchasing a vehicle.