Americans are buying cars again – in a big way. The Automotive News Data Center reports car sales are up 3.3 percent so far this year compared to last year, with nearly 4.1 million cars sold in the first quarter of 2016. Lower gas prices certainly are playing a role but so are lower interest rates and higher wages in much of the country.
“We expect to see car sales increase as the weather continues to heat up and consumers have extra money in their pockets from tax refund checks,” said Chuck Mai, spokesman for AAA Oklahoma. “By the end of the year, the National Automobile Dealers Association predicts a record-setting 17.7 million vehicles will have been sold.”