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Credit Applications Decline in D.C. Area

By January 29, 2019 729

Auto sales volume in January is expected to increase less than 1 percent from January 2018, according to Cox Automotive.

Although the number of selling days is unchanged from last January at 25, adjustment factors cause the calculated sales pace to decline. “
In Washington D.C. and the surrounding markets, credit applications for car purchases were down slightly in the first 21 days of January compared to 2018. The Washington D.C. designated market area. with the nation’s highest percentage of government workers, is the 11th largest vehicle market in the country.
In January, new light-vehicle sales, including fleet, are expected to reach nearly 1.155 million units, up nearly 2,000 units, or 0.2 percent, from January 2018. However, sales will be down dramatically from December – nearly 480,000 units or 29 percent.
The seasonally adjusted annual rate (SAAR) in January 2019 is estimated to be 17.0 million, down from last month’s 17.7 million level, and down from last year’s 17.1 million. 

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Last modified on Tuesday, 29 January 2019 15:50
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