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U.S. auto sales set record in 2015

U.S. auto sales set record in 2015

Americans have driven auto sales to their highest total in years, and analysts predicted more of the same for 2016.

Sales of new cars and trucks in 2015 hit 17.47 million, toppling the previous record of 17.35 million set in 2000. Analysts attributed the gains to a strong economy, interest rates that were at historic lows and higher consumer confidence.

“They feel a bit wealthier and more comfortable making a long-term commitment to a vehicle purchase,” said Michelle Krebs, senior analyst at Autotrader. “This is the sixth year of year-over-year increases in sales, and that's unprecedented.”

Auto manufacturers rolled up big sales numbers despite a...

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