qr-play-store play store

The best year ever for U.S. auto sales: what fueled the market

11 Jan 2017
1142 comments
5647 views
The best year ever for U.S. auto sales: what fueled the market

First of all we'd like to state the obvious: Gasoline prices were low. Although OPEC’s September announcement to restrict oil production hiked pump prices during the final quarter, the nationwide average price for regular has yet to top $2.40 per gallon. Back in February 2016, retail prices fell as low as $1.72. Low interest rates continued to keep financing and leasing attractive.

 

 

Through the third quarter of 2016, 86 percent of all new-car buyers financed in some capacity, at average rates of 2.6 percent and 3.6 percent for the two top credit tiers, and the national average was 4.7 percent. New-car loans averaged just over $30,000, financed over 68 months, both on par with 2015. Leasing represented nearly 30 percent of all retail sales (up from 27 percent in 2015) as average monthly payments dropped $90 compared with the third quarter of 2015.

 

 

According to the U.S. Bureau of Labor Statistics, through November 2016, car buyers paid 11 percent less for leased cars than a decade earlier. In September, incentives averaged a record $3923, up from $3753 at the end of 2008, averaging about 73 days’ supply as of December 1, compared with 65 days in 2015. By the end of December, dealers had cleared inventory down to about 62 days. This would appear to portend even greater incentives and better deals in 2017. Unless, of course, you’re hunting for hot models like the BMW M2.

0 0
Comments:
2024-03-27 13:18:30
buy clozapine no prescription - pepcid 20mg oral order famotidine sale
2024-03-26 11:47:04
how to get retrovir without a prescription - buy glycomet no prescription buy generic zyloprim online
2024-03-25 04:05:51
buy cheap glucophage - glucophage 500mg brand buy lincomycin without a prescription
2024-03-23 04:55:02
order lasix 40mg online - captopril 25mg for sale captopril 25 mg generic
2024-03-19 12:58:48
valacyclovir where to buy - nateglinide 120 mg canada order zovirax 800mg sale
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    7 8
    197411
    2081842 views
  • Buy a car at RepoKar this Winter
    25 Nov 2017

    With winter on its way, the roads can be dangerous because it dries slower and road visibility as well as battery failure can also be hazardous. It’s time to start thinking about how you can make your daily drive safer and stress-free. That doesn’t necessarily mean you should buy an SUV or crossover to survive the season. Plenty of sedans and wagons provide qualities that can keep you safe in sleet and snow. These medium-sized vehicles also help you save at the pump! But what actually matters here is choosing the right place to buy a car from. There are several options on the marke...

    2 5
    92180
    1141052 views
  • Diesel Cars VS Electric Cars
    17 May 2019

    Between loyal customers and car dealers lie an important dilemma that begs for an answer - What is the future of diesel cars and electric vehicles? Today at RepoKar, we are ready to tackle this predicament.Auto manufacturers and the combustible industries have often mentioned the idea that electric cars are worse for the environment than diesel and gasoline-powered vehicles because they are powered by dirty electricity.If we want to talk about fuel efficiency, noise pollution, and air quality, then EVs are clearly the outright winner. But if we're talking about torque or initial price, the...

    2 4
    17786
    522800 views
  • Fire Risk: BMW Recalls 185,000 Cars TODAY
    19 Apr 2019

    The recall expansion covers 3 Series, 5 Series and Z4 models from the 2006 model year. The problem has been traced to irregularities in the manufacturing process that could allow moisture to occur near the PCV valve heater and lead to a short circuit. The PCV valve is an emissions device that keeps pollutants created by an engine from being released into the atmosphere. It also helps keep the engine oil clean and prevents crankcase pressure from building up. BMW warns its customers to stop driving the vehicle if there is smoke coming from the engine, or if the driver smells smoke or plast...

    4 3
    4524
    100758 views
Search on the blog
Find us on

Last added auctions

2012 Ford ESCAPE
58049 views
19 photos
3,400.00
No bids
2012 Nissan MURANO
62295 views
13 photos
3,500.00
No bids
2000 Honda CR-V
59170 views
12 photos
1,200.00
No bids
2012 Mazda MAZDA3
58875 views
16 photos
2,500.00
No bids