Good News for Used Car Shoppers: Car Sales Improved in November

The numbers are in, and November turned out to be a good month for the automotive industry. New car sales saw a 2.6 percent month-over-month increase from October, according to a recent report from TrueCar.com. Compared to November 2011, last month's new vehicle sales improved 12.7 percent. Not only are there more buyers, but consumers are also spending more on their purchases than they have in the recent past.

"November was a strong month for new car sales, and the impact from hurricane Sandy helped to boost auto sales to its highest since February 2008," said Jesse Toprak, senior market analyst for TrueCar.com. "Import automakers got the biggest lift due to some increased incentive spending building momentum heading into next year."

When there are improvements in new car sales, the effects can also be felt across the used vehicle market. During the recession, many drivers held on to their current vehicles or opted to buy used models instead of new ones. These two factors led to a decline in used car inventories and an increase in prices.

Now, as more drivers are trading in their cars and purchasing new models, the used market is seeing improvements. In fact, TrueCar.com reported that used car sales last month were 3.8 percent higher than in November 2011. There are more vehicles available for sale, and a smaller pool of buyers, making it easier for drivers to find the cars they want at lower prices.

New Jersey State Auto Auction is a great place for those in the New York/New Jersey area to track down the cars, trucks and SUVs they want. Not only does the dealer have 4 acres of vehicles to choose from, but every model on the lot is CARFAX certified. This allows car shoppers to drive away confident that they are behind the wheel of a reliable ride.