Has New Car Sales Hit Its Peak?

New Car Sales

Q1: Used Car Sales at nearly 10 years high, is this the year of used car sales?
There are three key takeaways for the first quarter of 2016 in regards to the major automakers and their sales reports.

1. Fleet aka Commercial vehicle sales are up. This includes vehicle models such as RAM ProMaster, Ford F-150 Heavy Duty models, and the Chevy Express Cargo Van.
2. Sedan sales are slightly down, while sports utility vehicle and truck sales are up.
3. So far in 2016, used car sales have been dominant, nearly increasing by 8 percent from a year ago.

Since 2005, major automakers in North America have reported year to year growth in terms of total new vehicle units sold, and grossed revenue. This lead up to last year, where the automotive industry hit the highest sales year across the board for new vehicles. But like any major market, there comes a point where it will stall out or even decline slightly. Read More: AutosVoiec.com