Car dealers keep eye on fiscal cliff talks
Photo: Video by fox4now.com
CREATED Dec. 31, 2012
NAPLES - Auto dealers are about to finish a strong year in sales, but concerned about what happens with the fiscal cliff talks in Washington, D.C.
"Should we hit the fiscal cliff I think there may be a bump in the road," said Parrish Clark, general Sales Manager at Airport Kia.
Automotive sales are a key economic indicator and despite a strong showing over the last few years, if people stop buying cars in the numbers they have been, then that could mean trouble for the economy.
"Every day we keep an eye on that especially the last couple of weeks."
U.S. auto sales are expected to show a rise of 9 percent for December with 14.5 million vehicles sold, more than 13 percent higher than the previous year.
But the $600 billion in automatic spending cuts and tax increases is already weighing on the mind of consumers.
"If I had more confidence I'd be buying a new car here today," said Ernest Furnari, who decided to buy a used car instead of a new car.
The thought of getting less in his paycheck was part of his decision to not purchase a new vehicle.
Overall, car dealers may be in for a less than stellar year come 20-13 as analysts forecast single digit growth in car sales next year.