Auto dealers are backbone of community, according to RGJ.com.
Auto sales have risen to their largest level since the recession, as cheap loans and a surge in leasing have combined with pent-up demand to send the re-born industry soaring nationwide, far above much of the still struggling U.S. economy.
Auto makers sold 15.6 million new cars and trucks in 2013, up 8 percent from 2012. Nevada’s new car and truck dealers for 2013 also saw an approximate 13 percent increase. The growth continues a strong turnaround for an industry that was reeling when annual sales bottomed out in 2009.
New U.S. light vehicle sales are widely expected to surpass 16 million in 2014 for the first time since 2007, the culmination of a long recovery from a disastrous recession. In Nevada, as well as, in the U.S., we still have an economy with high unemployment and flat wages. However, confident consumers have “jump-started” the economy by purchasing vehicles, and should the economic growth become stronger in 2014, that will support new-vehicle sales grow accordingly.