logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
Action Movies
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel
Southwest USA


dailyclick
All times in EST

Autism Spectrum Disorders: 4:00 PM

Full Schedule
g
g Cars Site

BellaOnline's Cars Editor

g

How Many Cars are Sold Each Year?


When wondering how many cars are sold in the U.S. each year, you may have some conflicting information. We always seem to hear a new or used car advertisement on the radio every few minutes and seemingly about the same rate when watching TV!

Yet when we drive by new or used car dealerships, there never really seems to be that many people in them (other than the salespeople which typically outnumber the customer by about 5 to 1)!

Yet the actual number of new and used cars sold each year in the U.S. is staggering. The auto industry is no different than other parts of the economy though, so when the economy suffers, that’s reflected in new and used car sales.

While we averaged about 62 million new and used cars sold through the ten years through 2007, the economic downfall and ensuing recession hit the industry hard and in 2008, total vehicle sales according to the government were “only” 52,845,000.

While that is a huge number still, that equates to about a 15% drop in car sales. Certainly a significant loss in any business or industry.
The number of new cars sold each year averaged about 20 million per year until 2008 when new car sales dropped to 16,315. There are questions as to whether we’ll ever get to the 20 million new cars sold per year again soon.

Used car sales averaged about 42 million per year and dropped to 36,530 sold in 2008 and sales continue to hover around that mark.

If we break new car sales and new car leases (both considered new car sales) down, the number of new cars leased averaged around 3.7 million for the ten years prior to 2008. In 2008 new car leases dipped to 3,015,000 and have dropped slightly further from there.

What does all of this mean for car buyers? New car sales will likely remain lower than the averages we saw prior to 2008 as prices of new cars now average just under $30,000.

Used cars will always give drivers more “value” for their dollar than new cars, but we’re seeing used car values become escalated as supply is shortened and more people are buying them.

Auto manufacturers are trying to incentivize people to lease cars once again as an alternative to buying the cars new. I believe that this tactic will increase the number of car leases over the next couple of years, but again, we most likely see them return to pre-2008 levels.
-------------------------------------------------------------------------------
If you're in the market for a new or used car and would like help from professional car buyers, contact the professionals at ProAutoBuying.com and we'll help you get a great deal!

Add How+Many+Cars+are+Sold+Each+Year%3F to Twitter Add How+Many+Cars+are+Sold+Each+Year%3F to Facebook Add How+Many+Cars+are+Sold+Each+Year%3F to MySpace Add How+Many+Cars+are+Sold+Each+Year%3F to Del.icio.us Digg How+Many+Cars+are+Sold+Each+Year%3F Add How+Many+Cars+are+Sold+Each+Year%3F to Yahoo My Web Add How+Many+Cars+are+Sold+Each+Year%3F to Google Bookmarks Add How+Many+Cars+are+Sold+Each+Year%3F to Stumbleupon Add How+Many+Cars+are+Sold+Each+Year%3F to Reddit




RSS | Related Articles | Editor's Picks Articles | Top Ten Articles | Previous Features | Site Map


For FREE email updates, subscribe to the Cars Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Stephen M. Hague. All rights reserved.
This content was written by Stephen M. Hague. If you wish to use this content in any manner, you need written permission. Contact Stephen M. Hague for details.

g


g features
Top 5 Reasons NOT to Use TrueCar

Cheated By the Car Dealer

Don't Be a Payment Buyer

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor