Colorado dealers buck national car-sales slump

DENVER BUSINESS JOURNAL - Colorado's auto dealers appear to be having a better start to their year than their counterparts across the country.

Despite new numbers showing a national slump in new-vehicle sales last month -- including a 7.2 percent year-over-year decline for Ford models and a 5.8 percent drop for General Motors -- the latest data on Colorado dealerships points to a modest gain from a year ago.

A monthly report from Auto Outlook Inc., compiled for the Colorado Automobile Dealers Association, shows a roughly 4 percent year-over-year gain in car and light-truck registrations in the state, both in March and for the first three months of 2017.

“While U.S. car industry sales for March were weaker than expected, Colorado’s consumers registered more new cars and trucks," said Tim Jackson, president of CADA, a trade group for the state's dealerships. "Demand is still strong as Coloradans are taking advantage of manufacturers’ and dealers’ incentives, relatively low fuel prices, affordable interest rates and readily available credit for most buyers.”

Read more at the Denver Business Journal: http://bit.ly/2pFwMJo

Copyright 2017 Denver Business Journal


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment