May 2015 Yaris Sales: Up

[Thirty-Nine]

Originally Posted by YodaBird

Ask yourself, how many people really have the cash for a car, unless they save or inherit money, then they usually buy a expensive car depending on how much they inherit.

We all know; car payments + car insurance + gas can throw anyone over the edge, eliminate one of them, mostly car payments and not that insurance gets cheaper but it's a little more comfortable knowing you only have to pay $1500 - $3000 average a year for insurance and when my renewal comes I always say a four letter word, every year. :(

According to Consumer Reports:

Originally Posted by Consumer Reports

A record 84.5 percent of shoppers who acquired a new car last quarter used financing, either a loan or a lease. That's the highest level since Experian Automotive, an information service company, began tracking this data in 2006.

So nearly 85% of Americans make monthly payments. Keep in mind in 2014, 16.52 million (yes million) new cars were sold in the U.S. That means that 5% of the entire population of the United States got a new car in '14.

People want new cars. And in the U.S., where bigger is usually equated to better, small car sales are a tough sell, especially when 1) there isn't much profit and 2) when gas prices fall.