Iowans purchased over 142-thousand new vehicles in 2015, a 3.2 percent increase over the previous year. That mirrors national trends as more automobiles were sold last year across the country than ever before. Bruce Anderson, president of the Iowa Automobile Dealers Association, says possibly the biggest factor is an easing in credit…
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Incentives from manufacturers such as deep cuts in pricing and rebate programs are also a factor. Anderson cites pent-up consumer demand as well, noting the average vehicle on an Iowa roadway is 11 years old….
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Owners of many dealerships across Iowa are reporting 2015 was their best year ever, according to Anderson. Of the new vehicles sold in Iowa last year, nearly 44,000 were cars and just over 98,000 were trucks and SUVs. The top selling vehicle in Iowa in 2015 was the Chevy Silverado.