There were 10,727 new cars and trucks registered in January compared to 11,702 in January 2014, according to the report published by the Colorado Automobile Dealers Association.
“Considering we ended 2014 as the best year since 2002 in terms of new car and truck registrations, it would appear that January’s dip may be an anomaly and a result of title processing delays,” CADA President Tim Jackson said in the report. “From a big picture perspective, the consumer is still in the driver’s seat when it comes to purchasing a new vehicle. Incentives from manufacturers and dealers are still prevalent, and continuing low fuel prices, interest rates and affordable lease terms should spur momentum during the first quarter.”
While Japanese imports led registrations last year, with American manufacturers not far behind, mid-size cars led the market this January, Jackson said.
The used vehicle market in Colorado was down 4.9 percent in January, according to the report.
The CADA represents 251 new car and trucks dealerships in Colorado.
To obtain a copy of the report, email the InterPro Group at firstname.lastname@example.org or call 303-503-6677.