Car Sales Heat Up This December
New vehicle sales are slowing, and that could mean bargains in 2017.
December is shaping up to be the biggest month for new vehicle sales in all of 2016, according to new data from Kelley Blue Book.
The venerable auto valuation source said that December 2016 new vehicle sales should clock in at 17.4 million seasonally adjusted annual rate (SAAR).
This would make December the biggest month for sales all year.
However, new-vehicle sales are expected to be down 2 percent from December 2015.
Kelley Blue Book said it expects further slowdowns in 2017, and its experts’ forecast calls for sales in the range of 16.8 to 17.3 million, which would represent a 1 to 3 percent decrease from this year.
Are you smelling bargains in the air? You should, because if this prediction for slowing sales comes true, dealers will be holding a lot of excess inventory in the early months of 2017.
So, before you buy your next vehicle, be sure you talk to us first. ProMedica FCU has some of the lowest rates in town on new and used cars.
If you have questions about our auto loans, call us at 419-479-4040, or stop by one of our convenient locations. You can also apply online. Just click apply at the top. Get pre-approved before you shop!