Millennials Take the Wheel
Young adults bought more new cars in 2012, showing buying strength for the first time since the Great Recession started. Improving economic fundamentals led these buyers to the market and should keep them coming - challenging the commonly held view that this generation is not as interested in cars as its predecessors were.
Edmunds.com Raises 2013 Auto Sales Forecast to 15.5 Million
Edmunds.com now forecasts new car sales of 15.5 million for 2013. Car shoppers continue to buy despite domestic and foreign fiscal crises. Rising asset values have made shoppers feel wealthier, while looser credit and a better job market have facilitated car buying.