< Previous Page
"It will be a great time to be a consumer going into 2012," Whiston said.
But he cautions that buyers shouldn’t expect big price breaks, since there are so many new products and companies are closely guarding their profits.
Buyers paid an average of $31,312 for a new car in January, including an average incentive of $2,206, according to Edmunds.com. Five years ago, buyers were getting about the same amount in incentives, but the average vehicle price was $27,966.
Other companies reporting sales Wednesday:
— Volkswagen of America reported a 48 percent rise in U.S. sales, led by the Jetta and Passat sedans.
— Nissan Motor Co.’s sales were up 10 percent with big jumps for the new Quest minivan and the Altima sedan.
— Hyundai Motor Co.’s sales rose nearly 15 percent thanks to the new Veloster small car.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.