Wednesday, February 01, 2012
Auto sales are expected to be up 7% for January, kicking off what may be the strongest year for the industry since the recession.
Jesse Toprak, vice president of industry trends for TrueCar.com, said U.S. demand continues to grow at a steady pace as the economy improves.
"For the first time in several years, we are starting the year off with a warm and fuzzy feeling," Toprak said.
One reason car sales are improving is that buyers have no choice but to replace aging vehicles. The average age of a vehicle in America has reached a record 10.8 years. Low interest rates and greater loan availability also spurred demand in January.
Read more at OregonLive.com.