Car Sales For 2016

Car Sales For 2016 See more on: http://onlineusedmotorcycles.com/

Well here it is, 2016, another year has litteraly flown by. 2015 was a good year for auto and bike makers alike and 2016 looks as though it will also and has the potential to be even a better year, at least for car makers. As outlined in an article by MarketWatch.com and an article written by Gautham Nagesh, 2016 looks to be a record setting year for automakers -

Sales of cars and light trucks in the U.S. likely set a record for 2015 at around 17.5 million vehicles, leading to the question of whether auto makers this year might eclipse the 18 million vehicle mark. Economic signs point to 2016 being the healthiest domestic auto industry in decades thanks to an improving labor market and low interest rates greasing U.S. demand. Cheap gasoline also is spurring sales of more profitable trucks and sport-utility vehicles, while the average cost of a vehicle sold is rising enough to offset rising sales incentives. The strong fundamentals buffer concern about what the Federal Reserve might do to interest rates in coming months. Lending terms remain favorable, prompting AutoNation Inc. Chief Executive Mike Jackson to say "the auto industry does not need a free lunch on interest rates." Still, a significant rate increase would have tough consequences for industry profits, said Mark Wakefield, head of the automotive practice at consultants AlixPartners LLP. He estimates if new-car loan rates eventually increase to 4% from 3%, consumers would spend roughly $1,000 less at the dealership. For now, consumers hit the showroom acting as if they just got a raise, Mr. Wakefield said. He says low gasoline prices are putting enough money in car buyers' pockets that they are beginning to alter spending decisions on bigger ticket items.

Read the full article here Also, you can actually find some really great deals today - Jan. 1st 2016 according to a recent post in USAToday.com written by Chris Woodyard  That is if you are ready right now to take the plunge on buying a new toy for yourself or maybe a family vehicle.

[caption id="" align="alignnone" width="534"] (Photo: Getty Images)[/caption] Attention procrastinators: If you've been putting off buying a new car and want to celebrate the new year with a snazzy set of wheels, Friday could be your day. A major auto-buying website is predicting that is the day that auto dealers around the country will be offering their deep discounts of the year. New Year's Day will have let buyers reap an average discount of 8.6% off the retail, or sticker, price of a car, says TrueCar.com. The following day, Saturday, the discount falls to 7.8% and on Sunday, 7.3%, says TrueCar.com based on an analysis of 2010 to 2014 data from car-buying transactions from its website. Friday, the first day of 2016, will be counted as part of a long weekend by most automakers, who will throw in end-of-the-year discounts, says Stacey Doyle, a senior auto industry analyst for TrueCar. "For this year, New Year's Day is the day you might watch the Rose Parade and go purchase a new vehicle," Doyle says.

Continue Reading Here So there you have it. If you have been waiting to buy a new car, now is the time. In our next post we will cover more about what is happening with and in the wonderful world of motorcycles!