Auto industry sets all-time sales record in 2015
- 8 years ago
The U.S. auto industry sold more cars and trucks in 2015 than ever before, with Detroit automakers reporting their best sales since the mid-2000s and many foreign manufacturers recording all-time records.
"A number of factors drove the industry this year, certainly low gas prices helped, coupled with improved fuel efficiency across the board especially in truck and SUVs," Alec Gutierrez, senior analyst for Kelley Blue Book, said on a call with reporters Tuesday.
"Low interest rates and low gas prices provided Christmas presents to most carmakers, as the 2015 sales year ended with a bang," said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
National Automobile Dealers Association Chief Economist Steven Szakaly expects automakers to increase incentives on car sales this year by at least 10 percent, as demand for pickups, crossovers and SUVs continues to rise.
"A number of factors drove the industry this year, certainly low gas prices helped, coupled with improved fuel efficiency across the board especially in truck and SUVs," Alec Gutierrez, senior analyst for Kelley Blue Book, said on a call with reporters Tuesday.
"Low interest rates and low gas prices provided Christmas presents to most carmakers, as the 2015 sales year ended with a bang," said Jack R. Nerad, Kelley Blue Book executive editorial director and executive market analyst.
National Automobile Dealers Association Chief Economist Steven Szakaly expects automakers to increase incentives on car sales this year by at least 10 percent, as demand for pickups, crossovers and SUVs continues to rise.