automotive report - Brewer Media Group
Transcription
automotive report - Brewer Media Group
AUTOMOTIVE REPORT 12/2/2014 Hamilton County Vehicle Registrations A Monthly Snapshot Of Local Vehicle Sales and Trends From the ALL NEW ChattanoogaHasCars Automotive report Automotive report H A M I LT O N C O UN T Y V E H I C L E R E G I S T RAT I O N S ABOUT THIS REPORT The Automotive Report is prepared by ChattanoogaHasCars.com, a service of the Brewer Media Group, and is compiled monthly from raw data released from the Hamilton County Clerk’s Office www.CountyClerkAnytime.com. This report is based solely upon vehicles reported Registered By Dealers in Hamilton County, Tennessee and does not reflect vehicles sold and registered in another State or County. The report is provided for informational purposes only and Brewer Media Group offers no warranty, expressed or implied, as to the accuracy of data contained herein. Reporting Period: December 2013 through November 2014 Hamilton County, Tennessee Hamilton County represents 63.9% of the total population of the six-county Chattanooga Metropolitan Area. While this report does not reflect Total Sales Volume, it does provide a snapshot of relative strength within the heaviest concentration of local consumers. About Brewer Media Group Brewer Media Group is Chattanooga’s only locally owned mass communications company and offers the unique ability to fully integrate Radio, Print, Television, Internet and Video Pre-Roll campaigns in a single platform. About ChattanoogaHasCars.com ChattanoogaHasCars.com has become the Tennessee Valley’s most powerful automotive shopping marketplace with consistent branding across 12 radio and 1 television station every week in prime drive periods. Local dealer inventory is refreshed daily with automated feeds from various data providers. November 2014 Top Dealers 200 150 100 155 83 94 107 109 50 0 INTEGRITY MTN VIEW MARSHAL @ 153 MIZE FORD ChattanoogaHasCars CARMAX ECONOMY HONDA Page 1 Automotive report NOW LIVE!!! An All New Search Engine Page 2 ChattanoogaHasCars was established in 2007 as an engine where automotive shoppers could shop inventory from all LOCAL dealers in one spot – without the distraction of competing dealers in other markets. Backed by $250k in annual advertising in the local market, the site has become a Lightning Rod for local shoppers as they more and more often shop and compare online before ever visiting a dealership. We provide the ability to showcase not only Brand, but also specific Model(s) available at local dealerships that visitors can compare side by side. The new site, launched 11/1/2014, is built upon a much more powerful search engine that delivers a depth of vehicle details on par with sites such as AutoTrader and Cars.com at a fraction of the cost. The bottom line is that ChattanoogaHasCars delivers an extremely concentrated audience of Local Automotive Shoppers at an increasingly critical point in their decision process. ChattanoogaHasCars Automotive report Each and every vehicle details page is Search Engine Optimized Every Installed Option In Feed Included in Each Listing BASIC LISTINGS (Non-Featured) are available ABSOLUTELY FREE to every area dealer and include complete vehicle details with up to 50 photos per listing and Unlimited Inventory. Contact [email protected] to make sure your inventory is live! ChattanoogaHasCars Page 3 Automotive report ANNUAL METAL COUNT December 2013 through November 2014 New Vehicle Leading Brands Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17 #18 #19 Brand FORD HONDA NISSAN CHEVROLET TOYOTA DODGE KIA SUBARU JEEP VOLKSWAGEN HYUNDAI LEXUS BMW GMC MERCEDES MAZDA INFINITI AUDI BUICK Other TOTALS Vehicle Count Market % % Change* 2,212 1,830 1,575 1,192 1,149 491 464 412 402 379 323 266 238 232 190 147 134 118 113 808 12,675 17.5% 14.4% 12.4% 9.4% 9.1% 3.9% 3.7% 3.3% 3.2% 3.0% 2.5% 2.1% 1.9% 1.8% 1.5% 1.2% 1.1% 0.9% 0.9% 6.4% 100.0% -0.4% +0.3% -0.1% -0.3% +0.1% +0.1% -+0.1% +0.2% -+0.1% -0.1% ---0.1% +0.1% ---+0.3% *Difference in Market % from previous Annual Reporting Period (Nov 13 through Oct 14). **Now reporting ALL VEHICLE TYPES including Motorcycles, RVs and Trailers On Average, ChattanoogaHasCars.com Hosts More Than 5,000 Unique Shoppers Each Month Page 4 ChattanoogaHasCars Automotive report Used Vehicle Leading Brands Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17 #18 #19 Brand FORD CHEVROLET NISSAN HONDA TOYOTA DODGE JEEP CHRYSLER BMW KIA VOLKSWAGEN GMC HYUNDAI LEXUS MERCEDES BUICK MAZDA INFINITI PONTIAC Other TOTALS Vehicle Count Market % % Change* 3,677 2,635 1,964 1,740 1,641 1,290 775 677 664 654 556 535 525 477 409 379 343 338 301 2,610 22,190 16.6% 11.9% 8.9% 7.8% 7.4% 5.8% 3.5% 3.1% 3.0% 3.0% 2.5% 2.4% 2.4% 2.1% 1.8% 1.7% 1.5% 1.5% 1.4% 11.8% 100.0% -0.1% +0.1% -0.1% -+0.1% --0.2% --0.2% +0.1% +0.1% -----0.1% -0.1% +0.1% +0.1% +0.3% *Difference in Market % from previous Annual Reporting Period (Nov 13 through Oct 14). **Now reporting ALL VEHICLE TYPES including Motorcycles, RVs and Trailers FACT Radio reaches 92% of ALL American Consumers Every Week. The vast majority will be listening when they’re on the way to buy a vehicle. ChattanoogaHasCars Page 5 Automotive report LEADING DEALERS (New and Used Combined) Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17 #18 #19 Dealer Name ECONOMY HONDA CARMAX MARSHAL MIZE FORD INTEGRITY MTN VIEW NISSAN MTN VIEW FORD CAPITAL TOYOTA CROWN AUTOMOTIVE MTN VIEW @ 153 HUNT NISSAN** LONG OF CHATTANOOGA MTN VIEW CHEVROLET EASY AUTO KIA OF CHATTANOOGA BMW OF CHATTANOOGA HONDA OF CLEVELAND DRIVETIME VILLAGE VW KELLY AUTO GROUP Other TOTALS Vehicle Count Market % % Change* 2,407 2,021 1,753 1,370 1,216 1,050 999 967 818 814 748 739 682 660 586 568 534 523 522 15,888 34,865 6.9% 5.8% 5.0% 3.9% 3.5% 3.0% 2.9% 2.8% 2.3% 2.3% 2.1% 2.1% 2.0% 1.9% 1.7% 1.5% 1.5% 1.5% 1.5% 45.6% 100.0% +0.2% -0.1% -0.1% -0.1% ------0.2% -----0.1% +0.1% --+0.1% +0.2% *Difference in Market % from previous annual reporting period Nov 13 through Oct 14). **HUNT NISSAN now reporting as NISSAN OF CHATTANOOGA Featured Listings Appear First In Search Results Every Vehicle Listed From Your Inventory Includes Both A Hyperlink To Your Website and Direct Contact Information All Inventory Is Updated Daily From Various Data Providers So Listings Are Always Fresh And Ready To Sell! Dealer Reports Provided Monthly Supported With The Equivalent Of More Than A Quarter Million Dollars Of Local Media Annually Page 6 ChattanoogaHasCars Automotive report New Vehicle Leading Dealers Rank #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17 #18 #19 Dealer Name Vehicle Count Market % ECONOMY HONDA 1,377 10.9% MARSHAL MIZE FORD 966 7.6% MTN VIEW NISSAN 849 6.7% INTEGRITY 743 5.9% MTN VIEW FORD 671 5.3% CROWN AUTOMOTIVE 624 4.9% CAPITAL TOYOTA 600 4.7% HUNT NISSAN** 556 4.4% LONG OF CHATTANOOGA 464 3.7% MTN VIEW CHEVROLET 431 3.4% KIA OF CHATTANOOGA 373 2.9% KELLY AUTO GROUP 367 2.9% HONDA OF CLEVELAND 351 2.8% VILLAGE VW 306 2.4% TOYOTA OF CLEVELAND 286 2.3% LEXUS OF CHATTANOOGA 204 1.6% BMW OF CHATTANOOGA 201 1.6% EDD KIRBY 170 1.3% LARRY HILL FORD 157 1.2% Other 2,979 23.5% TOTALS 12,675 100% *Difference in Market % from previous annual reporting period (Nov 13 through Oct 14). % Change +0.3% -0.2% ---0.1% --0.1% -0.4% +0.1% --+0.1% +0.2% -+0.1% -0.1% -0.1% --+0.2% **HUNT NISSAN now reporting as NISSAN OF CHATTANOOGA Local Ownership provides the ability to respond to customer needs rapidly and the flexibility to think outside the box. We strive every day to assure a Superior level of customer service with the area’s largest collection of media properties and creative professionals under one roof. www.BrewerMediaGroup.com ChattanoogaHasCars Page 7 Automotive report Used Vehicle Leading Dealers Rank Dealer Name Vehicle Count #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12 #13 #14 #15 #16 #17 #18 #19 CARMAX 2,014 ECONOMY HONDA 1,030 MTN VIEW @ 153 810 MARSHAL MIZE FORD 787 EASY AUTO 682 INTEGRITY 627 DRIVETIME 534 TWEETY AUTOMART INC 430 CAPITAL TOYOTA 399 WRIGHT MOTOR COMPANY 397 BMW OF CHATTANOOGA 385 MTN VIEW FORD 379 MTN VIEW NISSAN 367 GREGG MOTOR COMPANY 361 CROWN AUTOMOTIVE 343 MTN VIEW CHEVROLET 308 KIA OF CHATTANOOGA 287 LONG OF CHATTANOOGA 284 HUNT NISSAN** 258 Other 11,508 TOTALS 22,190 **HUNT NISSAN now reporting as NISSAN OF CHATTANOOGA Black Consumers Weekly Reach% 100.0% 77.7% 78.3% 73.5% 77.6% 75.8% 80.0% 71.1% 60.0% 40.0% 20.0% 0.0% ADULTS ADULTS ADULTS WOMEN WOMEN WOMEN 18-34 18-49 25-54 18-34 18-49 25-54 WJTT/WMPZ WUSY WDOD WDEF WSKZ WGOW No Other Medium Reaches ANY Consumer Group As Efficiently Page 8 Market % % Change 9.1% 4.6% 3.7% 3.5% 3.1% 2.8% 2.4% 1.9% 1.8% 1.8% 1.7% 1.7% 1.7% 1.6% 1.5% 1.4% 1.3% 1.3% 1.2% 51.9% 100.0% -0.2% -+0.3% -0.1% --0.1% --0.1% ---0.2% ----0.1% --0.1% --+0.5% Economic Optimism Sets African-American Consumers Apar t In a U.S. economy that is increasingly reliant on the purchase patterns of minority consumers, African-Americans are a key segment with a population of 44 million and buying power of more than $1 trillion in 2013, a new report by market researcher Packaged Facts shows. By 2017, the buying power of AfricanAmericans is anticipated to reach $1.3 trillion, according to The African-American Consumer Market, 9th Edition report. ChattanoogaHasCars Automotive report Monthly Tracking Top Brands Monthly Tracking: Top 5 New Brands Vehicles Registered in Hamilton County 300 250 200 FORD HONDA 150 NISSAN CHEVROLET 100 TOYOTA 50 0 Monthly Tracking Totals Monthly Tracking 3,500 3,000 2,500 2,000 1,500 1,000 500 Jan-14 Feb-14 Mar-14 Apr-14 May-14 New Jun-14 Pre-Owned ChattanoogaHasCars Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Total Page 9 Automotive report Dealer Brand Share (New) Brand Dealer FORD Marshal Mize Ford HONDA NISSAN TOYOTA CHEVROLET KIA VOLKSWAGEN DODGE HYUNDAI SUBARU JEEP LEXUS Page 10 Mtn View Ford Larry Hill Ford Other Economy Honda Honda of Cleveland Pye Honda Other Mtn View Nissan Hunt Nissan** Nissan of Chattanooga** Other Capital Toyota Toyota of Cleveland Other Integrity Mtn View Chevrolet Don Ledford Other Kia of Chattanooga Kia of Cleveland Other Village Volkswagen VW Credit Fred Beans Volkswagen Jim Ellis Volkswagen Other Crown Automotive Mtn View CDJ* (Ringgold) Other Long of Chattanooga Other Kelly Auto Group Subaru of Kennesaw Other Crown Automotive Mtn View CDJ* (Ringgold) Edd Kirby Other Lexus of Chattanooga Nalley Automotive Hennessey Other Count Brand % % Change 966 644 157 445 1,377 351 26 76 849 556 53 117 598 286 265 430 410 52 300 373 59 32 304 17 14 10 34 284 45 162 296 27 356 17 39 249 47 21 85 204 23 14 25 43.7% 29.1% 7.1% 20.1% 75.2% 19.2% 1.4% 4.2% 53.9% 35.3% 3.4% 7.4% 52.0% 24.9% 23.1% 36.1% 34.4% 4.4% 25.2% 80.4% 12.7% 6.9% 80.2% 4.3% 4.0% 2.4% 9.0% 57.8% 7.7% 33.0% 92.3% 8.4% 86.4% 4.1% 9.5% 61.9% 11.7% 5.2% 22.8% 76.7% 8.6% 5.3% 9.4% -0.8% -0.6% +0.2% +1.2% -1.5% +0.5% -0.2% +1.2% +0.6% -5.6% +2.1% -0.2% -0.9% +0.9% -+2.3% -0.3% -1.1% -0.9% +0.4% -0.1% -0.3% +0.7% +0.5% -0.6% +0.2% -0.9% -0.7% +1.5% -0.7% -0.7% +0.7% +0.4% -0.4% --2.3% +2.4% -0.2% -1.7% -2.5% +1.1% +0.6% +1.0% ChattanoogaHasCars Automotive report Brand Dealer BMW BMW of Chattanooga GMC MERCEDES CADILLAC BUICK MAZDA INFINITI Count Brand % % Change 201 37 169 19 8 36 161 14 15 80 11 16 84 12 5 12 119 7 21 126 3 5 84.5% 15.5% 72.8% 8.2% 3.4% 15.5% 84.7% 7.4% 7.9% 74.8% 10.3% 15.0% 73.7% 10.6% 4.4% 10.6% 81.0% 4.8% 14.3% 94.0% 2.2% 3.7% -5.7% +5.7% +0.3% +0.8% +0.3% -1.5% +1.7% -0.3% -1.4% -2.8% +2.8% -+0.6% -2.1% +0.2% +1.3% ---+0.7% --0.7% Other Integrity Don Ledford Gentry Chevrolet Other Long of Chattanooga RBM of Atlanta Other Integrity Don Ledford Other Integrity Don Ledford Gentry Chevrolet Other Edd Kirby Hennessey Other Infiniti of Chattanooga Roswell Infiniti Other Remember Prime Time Television? Number of Television Channels Per Household Total Television Avails Per Hour2 Weekly Programming Hours Weekly Television Avails3 19701 4 120 672 20,160 1990 27.2 816 4,570 137,088 2010 135 4,050 22,680 680,400 Now Consider These Facts: The average household views only 57.1 of the 22,680 weekly programming hours available; equating to just One Quarter of 1 Percent. Of the 680,400 available commercial positions weekly, the average household is exposed to just 1,701; or One Quarter of 1 Percent. In 1970, most Television Stations were not operating on a 24-hour schedule. Based on a conservative average of 15 minutes of commercial time each hour, or thirty (30) :30-second avails 3 Hourly Avails x 24 Hours x 7 Days 1 2 ChattanoogaHasCars Page 11 Automotive report NOVEMBER 2014 DEALER RANKINGS Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 13 Nov 14 195 119 76 211 112 99 173 96 77 196 99 97 210 117 93 183 97 86 242 156 86 240 129 111 167 101 66 266 180 86 169 87 82 106 49 57 155 84 71 145 145 178 178 163 163 203 203 158 158 151 150 1 183 183 191 191 174 173 1 186 184 2 180 178 2 161 161 109 108 1 New Used 152 76 76 157 97 60 134 64 70 152 80 72 144 85 59 119 71 48 166 93 73 166 93 73 137 88 49 170 92 78 149 71 78 153 81 72 107 56 51 Used New 66 65 1 83 83 68 68 70 70 60 58 2 52 47 5 61 61 64 64 64 64 64 64 72 72 35 35 94 94 New Used 75 33 42 145 82 63 70 33 37 122 85 37 109 60 49 108 56 52 161 92 69 142 83 59 120 52 68 105 56 49 130 68 62 116 56 60 83 43 40 New Used 94 65 29 93 67 26 76 48 28 116 80 36 129 91 38 97 69 28 122 90 32 86 62 24 85 64 21 130 90 40 110 71 39 87 57 30 78 52 26 91 54 37 98 72 26 69 41 28 76 37 39 99 63 36 80 45 35 61 39 22 88 54 34 107 65 42 68 42 26 94 52 42 76 43 33 68 36 32 Dealer ECONOMY HONDA New Used CARMAX Used New MARSHAL MIZE FORD MTN VIEW @ 153 INTEGRITY MTN VIEW NISSAN CAPITAL TOYOTA New Used NISSAN OF CHATTANOOGA EAST New Used MTN VIEW FORD New Used LONG OF CHATTANOOGA New Used MTN VIEW CHEVROLET New Used KIA OF CHATTANOOGA New Used HONDA OF CLEVELAND New Used CROWN AUTOMOTIVE New Used VILLAGE VW New Used Page 12 32 21 11 63 32 31 100 65 35 76 54 22 75 51 24 92 61 31 98 62 36 96 74 22 101 69 32 92 56 36 74 43 31 101 57 44 84 42 42 74 54 20 61 37 24 59 36 23 58 45 13 77 47 30 54 25 29 62 39 23 72 52 20 52 33 19 74 49 25 46 19 27 73 48 25 72 42 30 45 19 26 49 29 20 43 26 17 64 35 29 40 28 12 58 34 24 65 47 18 66 33 33 66 47 19 70 54 16 65 26 39 63 30 33 91 44 47 49 28 21 48 27 21 48 28 20 52 29 23 50 26 24 77 32 45 56 32 24 47 31 16 51 30 21 73 42 31 49 30 19 47 30 17 62 34 28 58 24 34 48 29 19 30 18 12 40 25 15 36 20 16 34 25 9 46 27 19 49 34 15 67 37 30 55 27 28 46 32 14 64 43 21 54 35 19 8 5 3 47 28 19 59 38 21 90 62 28 85 42 43 89 54 35 81 55 26 88 57 31 72 48 24 70 50 20 103 71 32 87 55 32 98 62 36 59 32 27 45 30 15 53 28 25 63 37 26 35 19 16 52 29 23 42 22 20 42 25 17 32 16 16 38 28 10 48 33 15 37 26 11 38 17 21 41 24 17 43 26 17 ChattanoogaHasCars Automotive report Dealer EASY AUTO Used Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 13 Nov 14 68 68 46 46 57 57 75 75 71 71 41 41 74 74 48 48 47 47 55 55 57 57 53 53 43 43 12 5 7 17 8 9 21 12 9 9 3 6 23 11 12 22 10 12 40 22 18 29 16 13 MTN VIEW CDJR Used New KELLY AUTO GROUP 39 20 19 New Used 53 38 15 48 29 19 32 25 7 42 30 12 51 37 14 39 27 12 53 34 19 36 30 6 39 26 13 45 32 13 45 32 13 24 18 6 39 27 12 Used 29 29 25 25 52 52 68 68 62 62 34 34 50 50 57 57 38 38 59 59 25 25 39 39 35 35 Used New 31 22 9 55 40 15 31 19 12 55 31 24 61 36 25 75 46 29 29 22 7 52 41 11 51 35 16 53 29 24 58 39 19 78 54 24 35 25 10 Used New 24 8 16 27 17 10 27 16 11 30 15 15 29 17 12 31 15 16 30 13 17 30 15 15 33 16 17 36 22 14 41 24 17 22 11 11 30 20 10 Used New 30 15 15 43 19 24 32 24 8 39 23 16 35 24 11 23 14 9 27 13 14 35 21 14 32 22 10 44 28 16 23 14 9 30 22 8 29 18 11 New Used 26 17 9 11 10 1 14 13 1 28 18 10 21 19 2 30 24 6 60 40 20 52 35 17 35 22 13 46 34 12 48 32 16 11 10 1 27 22 5 Used 13 13 12 12 60 60 43 43 34 34 33 33 27 27 38 38 40 40 29 29 41 41 33 33 27 27 Used 48 48 45 45 21 21 53 53 46 46 34 34 30 30 22 22 31 31 42 42 32 32 47 47 26 26 New Used 11 7 4 13 9 4 9 5 4 15 15 18 14 4 13 9 4 19 9 10 17 9 8 34 12 22 19 12 7 22 12 10 13 12 1 24 13 11 Used 34 34 36 36 33 33 26 26 38 38 31 31 31 31 27 27 29 29 22 22 31 31 24 24 23 23 New Used 8 1 7 13 7 6 18 9 9 17 9 8 16 9 7 52 25 27 25 11 14 23 11 12 20 7 13 20 8 12 16 6 10 10 4 6 22 15 7 18 18 16 16 25 25 24 24 DRIVETIME BMW OF CHATTANOOGA EDD KIRBY LARRY HILL FORD TOYOTA OF CLEVELAND WRIGHT MOTOR COMPANY TWEETY AUTOMART INC INFINITI OF CHATTANOOGA GREGG MOTOR CO CAMPING WORLD CARMART Used PRESTIGE CARS Used LEXUS OF CHATTANOOGA New Used LANDROVER OF CHATTANOOGA Used New 21 21 16 16 20 20 15 15 20 20 22 22 18 18 10 10 7 7 20 20 15 15 26 26 8 8 21 21 25 18 7 22 18 4 15 10 5 18 18 24 20 4 17 16 1 24 16 8 21 16 5 17 16 1 29 23 6 19 16 3 38 30 8 20 17 3 10 6 4 15 8 7 11 10 1 16 5 11 11 3 8 9 4 5 7 2 5 15 9 6 15 10 5 13 7 6 25 22 3 10 5 5 19 10 9 ChattanoogaHasCars Page 13 Automotive report Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 13 Nov 14 Used 9 9 7 7 16 16 17 17 6 6 18 18 15 15 16 16 6 6 15 15 21 21 11 11 15 15 Used 1 1 2 2 4 4 3 3 1 1 2 2 9 9 5 5 9 9 9 9 1 1 13 13 Used 17 17 9 9 33 33 12 12 20 20 23 23 16 16 14 14 2 2 5 5 11 11 18 18 11 11 New Used 5 3 2 8 6 2 12 10 2 5 5 20 15 5 7 5 2 8 7 1 7 5 2 7 6 1 9 8 1 15 14 1 28 22 6 11 10 1 Used 16 16 12 12 6 6 27 27 15 15 17 17 11 11 11 11 16 16 10 10 12 12 13 13 10 10 Used 13 13 9 9 9 9 21 21 12 12 10 10 9 9 14 14 21 21 18 18 18 18 7 7 10 10 Dealer CHATTANOOGA MOTORS BROCK AUTO INC WE FINANCE DON LEDFORD SUPER TOYS HARPER AUTO SALES Research Quick Hits: Americans are spending a whole lot more money per car. Since 2009 the annual revenue from U.S. car sales has surged 61 percent, to $522 billion, according to analysis from TrueCar, an online platform that connects car buyers with dealerships. As a result, the average cost of a new vehicle sold has surged from $31,077 to $31,798. "It's extraordinarily relevant that people are willing to pay more for automobiles," TrueCar President John Krafcik, told Bloomberg Businessweek. "Especially when the narrative has largely been that cars are playing less of a role in our lives." So why all of a sudden are we, as a nation, car shopping like 20 percenters? (Bloomberg Businesweek 11/12/14) Automakers are on track for their best U.S. sales year since 2006, but the growth of long-term loans, many to buyers with dicey credit scores, and a surge of leased cars that will return to dealers by 2017, could create problems down the road. Automakers reported selling nearly 1.3 million new cars and trucks in October, an annual pace of 16.5 million, a level not seen since the peak of last decade's housing boom. Low interest rates, modest but steady job growth and low gas prices have combined to make auto sales the brightest showcase of an otherwise tepid recovery. (Detroit Free Press 11/12/14) 1305 Carter Street · C hattanooga · Tennessee · 37402 www.BrewerMediaGroup.com Page 14 ChattanoogaHasCars
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