A Merry May for Auto Dealers

More and more Americans are getting their hands on brand new sizzling cars because of the current automobile friendly status of the industry. Since it has been easier for consumers to get their hands on automobile loans and the price of gasoline has dramatically decreased in the past weeks, it was a whole lot easier for car dealers to sell.

The  industry has sold over 1.3 million automobiles on the month of May. This has increased by 26 percent compared to the sales in April of this year. This has been the best month for the industry since 2008.

Analysts were surprised with the trend of the auto industry last month. Since the sales of these car dealers were often interdependent with the confidence ratio of consumers and market stocks, and May was a very difficult year for the national market for it was in the worse state that it has ever been since 2010. The confidence of consumers in numbers is also very low for the month.

In an interview, Mr. Jesse Toprak the vice president of the TrueCar.com in market intelligence shares his amusement in the turn of events as well. He says their company expected a very bad business month for May, but the complete opposite happened. He however, predicts a decrease in sales this June since unemployment is rising in an alarming rate. He also predicts a better market after the Presidential Elections.

But there are other analysts that believe the economic phenomenon will not be a problem at all. Ken Czubay the sales chief of Ford in the United States, believe that the auto industry’s good fortune will continue to be good despite the loss of jobs of consumers.

Toyota currently leads the industry sales with a 87 percent increase in their sales since last year. Honda follows with a wooping 48 percent increase. Both these industries were greatly affected last year because of the massive earthquake that hit their factories in Japan.Chryster also saw a 30 percent increase, Volkswagen at 28 percent and Nissan at 21 percent. Other companies that reported increase in sales are Hyundai, Ford and General Motors Co.

Sellers continue to have a positive feeling in their sales in the coming months. Among the reasons why sellers are unperturbed by a decrease in sales are first, the continuing demand of consumers for cars. Second, the continuing productions of makers of quality eye catching cars that continue to attract buys all over the country. Finally, the easier access to car loans even to people with a bad credit history.

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