2015 Could Be Record Year For New Car Sales

December 16, 2015
Chart: November 2015 new car sales

Though registrations trail actual car sales by several months, it seems this year's new car registrations could surpass 200,000 for the first time since 2001.

Light trucks and SUVs continue to drive sales. Analysts say that’s largely due to better fuel efficiency and lower gas prices. Easier financing is also leading more buyers into the car market.

Car sales fell off a cliff during the recession and it’s taken years for dealers to bounce back.  But pent up demand may be fueling a car buying boom. Nationwide, car sales are on pace to set an all-time record.