04/20/2018

Statewide new-car sales cooling down, but pace still brisk

California’s new-car sales market is cooling down, but Golden State dealers remain on track to again ring up more than 2 million unit sales in 2017, according to the Sacramento-based California New Car Dealers Association.

CNCDA released its first-quarter 2017 report on Tuesday, showing 506,745 new-car sales in the period. That was up less than 1 percent from 503,463 in the opening quarter of 2016.

Association officials expected the California market to cool in 2017 after an extended run of robust quarterly gains, but the state is outperforming the national market, which saw a year-over-year decline of nearly 1.5 percent in the first quarter.

View Article
Slow website