Auto Sales Finishing The Year Strong
Kelly Blue Book reports clearance events and new-car sales are expected to push sales over the 1.35 million unit mark for December, pushing the seasonally adjusted annual rate (SAAR) to 15.2 million units. After a strong November and December, the final sales tally for 2012 should approach 14.5 million units. This would amount to a more than 13% year-over-year increase and the third consecutive year of double-digit gains. While growth will continue in 2013, KBB does not expect to see a fourth consecutive year of double-digit gains.