Oregon auto dealers report growth

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Monday, May 21, 2012

Oregon lost 300 auto dealers in the last four years, but those remaining are finally seeing an upswing.

Automakers are boosting production and reporting growing sales. Supply chains interrupted by the Japanese tsunami are reopening. The jobless rate continues to drop and buyers are returning to car lots. The threads are weaving a sense of optimism about the market from Detroit to Portland.

Economists predict as many as 14.4 million new-car sales in 2012, the highest level in the U.S. since 2008. Oregon looks to grab 91,500 of those sales, a 24 percent uptick from the market's recessionary low point in 2009.

Read more at OregonLive.com.

{biztweet}oregon auto{/biztweet}

 

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