In 2012, the auto industry saw the best annual sales gains since 2007. And some analysts expect vehicle sales to climb nearly 7% in 2013.
Market research firm, Polk, attributes the bullish projection to a variety of reasons…
Polk’s Tom Libby says that momentum is one main reason we should see sales rise: “We believe the momentum from the end of 2012 will carry over to 2013. A second [reason] is the continued availability of credit – very, very low interest rates. Another factor is the introduction of several major new products. And, lastly, the improving economy.”
Another important factor that could send vehicle sales higher in 2013 is design. Car manufacturers have put a lot of cash into creating fresh looks for popular models.