July auto sales soar
POSTED: Thursday, August 1, 2013 - 6:46pm
UPDATED: Friday, August 2, 2013 - 1:03pm
It was another great month for car sales across the country.
This is one of those economic reports everyone anticipates every month.
When people are confident enough to buy a car, that’s a good sign for the economy.
The Big three were up by a healthy margin over this time last year.
Chrysler sales jumped 11 percent, their best July in seven years, while Ford sales rose 11 percent, as well. General Motors was also up 16 percent.
Trucks led the way with the Ford F-series up 23 percent, the Ram sold at a 32 percent better rate than July of 2012.
And GM’s brand new Silverado boosted their sales 44\ percent.
Now, nationally, the average trade in for one of these new cars is over 10-years-old and well over 100,000 miles.
You would tend to think people just held on to them because they were frightened by the recession.
But David Erwin convinced me otherwise.
“I don’t think it has as much to do, especially in Tyler, for economic reasons,” Erwin says. “It has to do with, the cars are lasting. They don’t break down. They’re not nickel and diming them. Typically, 15020 years ago at 80,000 miles, everything started to go wrong. Well we don’t see that anymore.”
Toyota had a sales jump of 17 percent and Honda rose 21 percent.
Other big sellers:
Mazda - Up 29 percent
Nissan - Up 11 percent
Subaru - Up 43 percent
- Jaguar - Up 60 percent