Colorado’s new car and light truck registrations declined 3.3%
in February 2018 vs. a year earlier
New car and light truck registrations in Colorado declined 3.3 percent in February 2018 vs. February 2017 while registrations slipped 1.3 percent during the first two months of this year.
According to registration data compiled by Experian Automotive for the Colorado Automobile Dealers Association (CADA), 16,165 new cars and light trucks were registered in February 2018 vs. 16,710 in February 2017 for a -3.3 percent decrease.
CADA President Tim Jackson said, “Automakers eased off the pedal for incentives in February and the slight increase in interest rates likely led to the slight decline in registrations for Colorado. Those factors might prove to be headwinds for consumers as we head into spring and summer. On the positive side, Colorado continues to attract more residents with purchasing power and the state is benefitting from a strong economy and low unemployment.”
Jackson added “For the month of February, passenger cars declined by 6.8 percent while light trucks were up less than 1 percent. Meanwhile registrations for Volvo, BMW, Chrysler, Honda, Chevrolet and Audi increased more than 10 percent.”
Used vehicle registrations were up 3.4 percent in February 2018. This includes vehicles seven years old or newer.