Dealerships may see new cars for sale fly off the lot this month at a much better rate than last year, according to Kelley Blue Book. The company said it expects. January will see car sales 30 percent lower than December, but about 10 percent more than in the same point last year, showing a clear sign of improvement.
About 900,000 units are expected to be sold this month, about a 13.2 million seasonally adjusted annualized rate. The biggest increase over last year looks to be Chrysler Group, which is predicted to sell 93,600 vehicles in January of this year compared with 70,993 last year.
“Our analysts have produced a regression model that explores unemployment, housing, consumer confidence and seasonal patterns to assist with our sales forecast for the year,” said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "Given current market conditions and our expectations for 2012, we believe sales will continue to improve at a conservative pace in 2012.”
CBS News said all of the bigger auto manufacturers are seeing good increases over the past year. Now may be a good time for new car shoppers to start visiting car loan companies.
