Car sales uptick is helping the local economy

GREENVILLE, NC (WNCT)- Car sales across the country are on the rise, and dealers in our area are feeling the buzz.

In 2015 automakers sold over 17 million units, an increase of six percent from 2014. Dealerships right here in the East are experiencing the same thing.

“As soon as you walk downstairs from the morning sales meeting you had two or three customers in the show room ready to do business,” Easter Carolina car salesman Brian Rogers said.

The East Carolina Chrysler, Dodge, Ram, Jeep, and Lincoln in Greenville sold 165 cars during the month of December.

Rogers said, “The more cars you sell the more cars you get through service, the more salesmen you can hire.”

Rogers says a lot of things can cause this kind of uptick including low gas prices and the falling unemployment rates. He also says sales weren’t always this good.

Rogers said, “We had the recession back in 08-09 things pretty much came to a halt.”

Experts say the economy is finally recovering. They say we gradually climbed back up to about where we were before.

ECU Business Professor, Dr. James Kleckley says car sales can indicate how the economy is doing. He says when the economy is doing well, auto sales usually mirror it.

“It’s a sign that the economy is probably better than a lot of people say it is,” Dr. Kleckley said.

Kleckley says everything flow together, and as the economy continues to do well, so will auto sales.

The auto industry is expected to see continued growth throughout 2016. Forecasts predict 18 million units this year.

WNCT-TV 9 On Your Side provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s