{"id":3645,"date":"2012-03-02T16:41:24","date_gmt":"2012-03-02T16:41:24","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/february-auto-sales-rise-16-percent\/"},"modified":"2012-03-02T16:41:24","modified_gmt":"2012-03-02T16:41:24","slug":"february-auto-sales-rise-16-percent","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/february-auto-sales-rise-16-percent\/","title":{"rendered":"February Auto Sales Rise 16 Percent"},"content":{"rendered":"

The good news for the country's auto industry keeps coming. Sales beat projections for the second month in a row in February and rose 16 percent, bringing the rate to its highest levels in more than four years, Reuters reports.<\/p>\n

February growth brings the annual sales projections to about 15.1 million cars, which is at a significantly higher level than the beginning of the year when experts set the estimate at about 14 million.<\/p>\n

Perhaps most encouraging was that the rise in sales was spurred by American manufacturers. General Motors, Chrysler<\/a> and Ford<\/a> all had significant gains in February, which can be chalked up in part to rising consumers confidence as the U.S. economy continues to rebound.<\/p>\n

"That in itself is probably a big green-light indicator for consumers," TrueCar.com analyst Jesse Toprak told Reuters. "It's telling them it's OK to buy a car. You'll be fine."<\/p>\n

Along with growing consumer confidence, the increase in sales may also be due to the fact that lenders are becoming more likely to give out auto loans. Although gas prices have been on the way up, the fact that loans are becoming more readily available has led to some people looking the other way, according to the news agency.<\/p>\n

While some lenders have loosened their restrictions on approving loans, limitations were never an issue at New Jersey State Auto<\/a> Auction. Thanks to a partnership with the Credit Acceptance Corporation, NJ Auto is able to offer guaranteed credit approval, meaning that even if you have a checkered financial history you'll be driving away in a quality used car in no time.<\/p>\n","protected":false},"excerpt":{"rendered":"

The good news for the country's auto industry keeps coming. Sales beat projections for the second month in a row in February and rose 16 percent, bringing the rate to its highest levels in more than four years, Reuters reports. February growth brings the annual sales projections to about 15.1 million cars, which is at […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"\nFebruary Auto Sales Rise 16 Percent<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/february-auto-sales-rise-16-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"February Auto Sales Rise 16 Percent\" \/>\n<meta property=\"og:description\" content=\"The good news for the country's auto industry keeps coming. 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