New car registrations continue to climb

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Colorado new car and truck sales are up 12.5 percent for the first nine months of 2013 over 2012, and up 4.5 percent for September compared to a year earlier.

New vehicle registrations for Dodge, Ram, BMW and Porsche each increased more than 30 percent during the first nine months of this year, according to the Colorado Automobile Dealers Association, which released the information Thursday. Dodge led the way with a 51 percent increase, followed by Ram and BMW which were both up 33.2 percent, and Porsche ended the period up at 30.5 percent.

While Colorado new vehicle registrations leveled off in September, “Year-to-date numbers are still tracking in double digits,” said Tim Jackson, president of CADA. “Registrations will continue to be strong for the rest of the year because Colorado consumers continue to drive the demand. They are attracted to factory incentives, low interest rates, a wide range of popular leasing options, appealing new designs, more product choices and more fuel efficient vehicles.”

For the last seven consecutive months, compact SUVs, full-size pickups and compact luxury SUVs continued to lead in market share gains, Jackson said.

For more information, visit Colorado Automobile Dealers Association.