State new-vehicle registration rises

DENVER – New car and truck sales are up 16 percent for August compared with August 2012 and up 13.8 percent for the first eight months of 2013, compared with the same first eight months of 2012. Those results and more are available in the August 2013 Colorado Auto Outlook Report, released today by the Colorado Automobile Dealers Association (CADA).

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.

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.

You have 2 free articles remaining this month.
Want to see more? Login or Subscribe.

Leave a Reply

Your email address will not be published. Required fields are marked *


Social Network

Facebook Icon
Twitter Icon
LinkedIn Icon
©2016 BizWest The contents of this website are copyright BizWest Media, LLC. All rights reserved.
Use of any of this informatino or media on this site is strictly prohibited withotu express written consent.