SACRAMENTO — The California New Car Dealers Association (CNCDA) announced that California’s new-vehicle market kept its quarterly winning streak going this year with new-vehicle registrations increasing 9.4 percent vs. last year. This marked the ninth consecutive quarterly increase.
CNCDA expects California’s new-car and new-truck sales to increase 10.9 percent for the full year vs. last year, according to the association.
“Recession weary Californians are starting to replace worn-out cars they hung onto for the past three years,” said Steve Snyder, CNCDA chairman. “Consumers should see great bargains the final quarter of the year because Japanese auto manufacturers have recovered from the earthquake and tsunami, and will once again be able to go toe-to-toe with their competitors.”
The CNCDA’s California Auto Outlook Third Quarter 2011 Market Report provides information on the state’s new vehicle market with charts and graphs, according to the association. The report includes a segment watch, a market perspective that compares California nationally, brand scoreboards, a regional recap and more. The complete report can be accessed at www.cncda.org.