DENVER BUSINESS JOURNAL - Registrations of new cars and trucks in Colorado jumped in February, both from the previous month and from a year earlier, the Colorado Automobile Dealers Association reports.
In Monday's report, CADA said 15,738 new vehicles were registered in the state last month, up from 11,702 in January and 14,061 in February 2013, for 11.9 percent year-over-year growth.
That was an improvement from January's 3 percent year-over-year increase and put dealer auto sales more in line with the 11.2 percent gain across all of 2013 from the previous year.
"While January and February usually are the two slowest sales months of the year nationally, and cold weather along with major snowfalls led to chilling of sales results elsewhere, in Colorado, we're seeing a continued, positive trend in new car and truck registrations," said CADA President Tim Jackson.
"Manufacturers continue to offer strong incentives to buy, new technologies in cars are attracting buyers, affordable financing is available, and there is still a lot of pent-up demand in Colorado to replace an aging fleet with new cars and trucks," he said.
Read the full report on the Denver Business Journal: http://bit.ly/1jxfd3M.