Auto Loan: January Auto Sales Surpass Expectations

We predicted it. With reports of lower interest rates and more flexible loan lengths, we predicted that January would be a good month for the auto industry, even coming off of such a strong year.

As it turned out, January was a great month.

January is done and the numbers are coming in, and U.S. auto sales were up 14 percent. It is much better than analysts were predicting, and these gains weren’t limited to one type or model of vehicle. Large pickups, small cars, and crossovers alike all saw increased sales in January.

Among the individual automakers, Toyota had a 27 percent increase. Ford’s U.S. sales had a 22 percent increase. GM had a 47 percent increase on Cadillac, and sales for their full-sized pickups increased 32 percent. Meanwhile, Chrysler’s car sales went up 50 percent with strong showings by the Dodge Avenger, Dodge Dart, and Fiat 500 line.

Automakers are ready to keep these sales numbers going with promotions and deals changing monthly. Now is a great time to get into a new or used vehicle. If you’re ready to get into that car today, Approved Loan Store is ready to help you. Good credit, bad credit, or no credit, we will work with you to get the car you want at terms you can afford.

Get started today by filling out our secure online auto loan application here, and get more auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!

Image courtesy of renjith krishnan /