Growth In New Car Sales Slowing In Colorado

Chart: New car sales

So far this year, dealers have sold nearly 146,000 new cars -- up more than 5 percent from the same period last year. That’s according to a count of registration records by the Colorado Automobile Dealers Association.

It’s certainly good news for dealers and the local tax base that sales are growing, driven by low gas prices and low interest rates.

But the rate of growth has tapered off considerably since 2012, when sales were up a whopping 20 percent. The jump in purchases then was driven by pent up demand coming out of the recession.

And dealers say Coloradans may just be returning to a more normal rate of car buying.