Quantcast

Car sales increase while Americans continue to drive less - Greenville, NC | News | Weather | Sports - WNCT.com

Car sales increase while Americans continue to drive less

Posted: Updated:
GREENVILLE, N.C. -

As we near the end of the Labor Day weekend, experts are crunching travel numbers. AAA expects more than $34 million Americans hit the road. But one study suggests overall Americans are driving less.

A study released by the US Department of Transportation says the number of miles traveled dropped during the most recent recession and has yet to recover.

Economist credit gas prices, unemployment rates and the cost of owning a car. Automotive proponents disagree with the findings. "We've seen a good increase in new car sales in the last 4 years." matt Murchison of Greenville Nissan said.

In Greenville dealers say they are encouraged by the new car market. IMC Automotive forecasts that new car sales will reach $15.6 million for all of 2013, up from $14.5 million the year before.

"It was tough five years ago, but the banks have been a help. Interest rates have been very good and very low." Murchison said.

Labor Day is a big weekend for dealers, especially for those looking to push out the 2013's. "Simply put, we're trying to move the current model year so we can make room for the next model year." Brian Rogers, a salesman of 14 years says the market is climbing steadily and believes people are driving the same amount.

However, while families continue to buy new cars, Rogers says they are spending less on add-ons. "If they don't need that power seat, they are not going to spend that extra $300-400 on the power seats.  A car is no longer a want; it's a need for most families."

So the question is why do we care? Economists say this can impact long-range planning assumptions. DOT is expanding highways to cut down on congestion.

  • Most Recent SlideshowsMore>>

  • AP PHOTOS: Coal-exporting town fights rising seas

    AP PHOTOS: Coal-exporting town fights rising seas

    Wednesday, July 30 2014 6:56 PM EDT2014-07-30 22:56:37 GMT
    Norfolk is trapped between the causes and consequences of global warming.
    Norfolk is trapped between the causes and consequences of global warming.
  • AP PHOTOS: Cambodians attend Khmer Rouge tribunal

    AP PHOTOS: Cambodians attend Khmer Rouge tribunal

    Wednesday, July 30 2014 8:36 AM EDT2014-07-30 12:36:41 GMT
    By The Associated Press Buddhist monks and ordinary Cambodians attended a hearing Wednesday in which a U.N.-backed tribunal prepared for the genocide trial later this year of two surviving...
    By The Associated Press Buddhist monks and ordinary Cambodians attended a hearing Wednesday in which a U.N.-backed tribunal prepared for the genocide trial later this year of two surviving leaders of the...
  • AP PHOTOS: Face of Syrian war seen in youngest

    AP PHOTOS: Face of Syrian war seen in youngest

    Wednesday, July 30 2014 4:28 AM EDT2014-07-30 08:28:08 GMT
    At Jordan's Zaatari refugee camp near the border with Syria, the horror of the neighboring country's civil war can be seen in the faces of its youngest refugees.
    At Jordan's Zaatari refugee camp near the border with Syria, the horror of the neighboring country's civil war can be seen in the faces of its youngest refugees.
Powered by WorldNow

3221 South Evans Street
Greenville N.C. 27834

Telephone: 252.355.8500
Fax: 252.355.8568
Email: newsdesk@wnct.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.