New Car Sales On Fire !

[pj8708]

The Associated Press reported on July 2, 2013, that sales of new cars since the begining of the year have shot up into double digit figures. The figures are expected to continue as consumers feel more confident with the economic recovery. Also, the Fedral Reserve chairman, Ben Bernanke, has assured the financial markets that the Reserve will keep interest rates low allowing car makers to continue offering car loans at rates as low as 1.9%.

Some of you may recall a short time ago I posted an article that talked about the steady decline in the number of cars being sold annually. At first glance it may seem that this article contradicts that fact. It doesn't. The number of automobiles being purchased in the United States has been declining over the last decade or more. At the current 6 month period, sales are inordinately strong. This pace of sales would be difficult to maintain once the pent-up demand has been satisfied.

The link below takes you to the full article.

Are you in the market to buy? If so, what are you looking for that would help you make up you mind?

When looking to buy a new or pre-owned car, what are some of the most important things you must be satisfied with?

http://finance.yahoo.com/news/auto-sales-maintain-momentum-led-pickups-151739242.html

[LEX-SV]

MPG seems to be a big consideration with new car buyers these days, even buyers of premium cars pay attention to efficiency.