Car Shoppers Can Expect Favorable Market Conditions in February | Edmunds

Car Shoppers Can Expect Favorable Market Conditions in February


Just the Facts:
  • Edmunds is predicting a decrease in January car sales due to harsh winter weather, but a "friendly buying environment" for car shoppers in February.
  • January sales are expected to show a 23.6 percent decrease from December and a 0.6 percent decrease from January 2013.
  • "Market conditions remain quite favorable for buyers," said Lacey Plache, Ph.D., Edmunds chief economist.

SANTA MONICA, California Edmunds is predicting a decrease in January car sales due to harsh winter weather, but a "friendly buying environment" for car shoppers in February.

January sales are expected to show a 23.6 percent decrease from December and a 0.6 percent decrease from January 2013.

"Market conditions remain quite favorable for buyers," said Lacey Plache, Ph.D., Edmunds chief economist. "In particular, interest rates, monthly lease payments and trade-in values are all at some of the best levels expected for the foreseeable future."

Edmunds forecasts that 1,036,533 new cars and trucks will be sold in the U.S. in January for an estimated Seasonally Adjusted Annual Rate or SAAR of 15.6 million.

January's weather complications mean that sales will likely be made up in February.

Edmunds Deals of the Month page identifies some of the strongest deals available right now, including $1,500 off a 2013 Hyundai Elantra and zero percent financing for 60 months on a 2014 Chrysler Town & Country minivan.

Edmunds says: The February thaw means that car shoppers will find a warm reception at their local dealerships.

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