Car sales strong despite Wall Street
The auto industry isn't slowing down in the wake of the turbulence on Wall Street and the debt reduction plan in Washington.
Dealerships across Northern Michigan say new car and truck sales are increasing at a steady rate.
Otto Belovich, the owner of Cherry Capital Subaru says they've seen a 15% to 18% increase in most brands. He says one reason sales have picked up is because most consumers with good credit have no trouble getting loans out right now, a key difference from two years ago during the recession.
Jim Wernig Chevrolet in Gaylord says truck sales make up 75% of all of their sales and business is the best it has been in a couple of years.
Nationally sales are up almost 11% so far this year compared to last year according to National Automobile Dealers Association.
Dealers, and industry analysts are expecting the pace of new car sales to pick up over the next few months regardless of stock market gyrations.
