Business Report: Car Sales - Hawaii News Now - KGMB and KHNL

Business Report: Car Sales

HONOLULU (HAWAIINEWSNOW) - The Hawaii auto dealers association, now with nine months of sales data to go over, says 2009 new car and light truck registrations are down 26 percent from last year. The figure is within a fraction of conforming to the decline in car sales nationwide.

The mainland analyst who forecasts says for hawaii dealers predicts a 13 percent rebound next year, though many local dealers now think the rebound will not be so strong as that. The reason they're so confident there will be any rebound is that the longer people hold onto their old cars, the more old cars will deteriorate to the point where replacement becomes less postponable.

The report says crossover SUV's are selling better at the expense of bigger ones, and so-called entry levels cars are selling better as people choose to spend less on their wheels.

Powered by Frankly