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New-vehicle registrations for Dodge, Ram, BMW, Porsche, Subaru, Lexus, Land Rover and Mitsubishi each increased more than 26 percent during the first eight months of this year.
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Dodge led the way with a 53.8 percent increase, followed by Ram at 30.4 percent and BMW at 30 percent.
“High demand for new cars and trucks has once again put new-vehicle registrations in Colorado in double digits,´ said CADA president Tim Jackson in a press statement. “Automakers have increased their production capacity to meet the demand and consumers are being drawn to more options, designs and the largest variety of fuel-efficient vehicles we’ve ever seen. Plus, dealer incentives, low interest rates and a wide range of leasing options are attractive factors for consumers.”
The compact SUV, full-size pickup and compact luxury SUV sectors continued to lead in market-share gains, Jackson said.
Meanwhile, the used-vehicle market in Colorado was up 9.7 percent in August and improved 3.8 percent for the year to date.