Auto Insurance

Auto Sales Set for Big Second Half of the Year


Industry experts are preparing for a big second half of the year after auto sales soared higher than expected in the first six months of 2015.

“A couple of months ago we thought sales would start to level off and maybe pull back, but now we’ve changed our forecast,” Jeff Schuster, Senior Vice President of Forecasting for the consulting firm LMC Automotive, told CNBC.

With the average vehicle in the U.S. clocking in at over 11 years old, we are starting to see many people taking advantage of the relatively strong economy and low unemployment rate to finally take the plunge on a new car.

Image via flickr/Emilio Labrador

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