Kelley Blue Book: February Auto Sales to Surpass 1050000 Units, 13.8 Million SAAR
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Kelley Blue Book expects auto sales numbers to increase in February
Kelley Blue Book , the Irvine-based firm that provides a comprehensive assortment of automobile information for consumers, expects auto sales to continue an upward trend of growth this month. By the end of February, new vehicle sales are estimated to exceed 1,050,000 units and total 13.8 million. This shakes out to a 6.4 percent increase over last February 2011, according to KBB’s Seasonally Adjusted Annualized Rate (SAAR).The auto information company cited financial offers and consumers’ improved access to credit, as well as increased auto production in January, as reasons for the sales growth. The leap year will add an extra day in February, allowing dealers to sell more cars this month.
"From a pure volume perspective, in the months ahead sales will continue to exceed last year's figures, but this year there may be more volatility from month-to-month than in 2011," said Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book. "Sales
