U.S. auto sales at 5-year high, Iowa dealership sees boost - KWWL - Eastern Iowa Breaking News, Weather, Closings

U.S. auto sales at 5-year high, Iowa dealership sees significant boost

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WATERLOO (KWWL) -

Almost 15 million new cars and trucks were sold in 2012, making U.S. auto sales the highest they've been in five-years.

While the U.S. saw a 13% increase, Eastern Iowa car dealers didn't report as much of a boost, but they did see a spike in sales.

"It's just phenomenal to see the business doing great again," said General Sales Manager at Rydell Chevrolet Jeff Smock.

Smock has been selling cars for 25 years. He said Rydell Chevrolet saw a 7-percent increase in new car sales last year.

According to Smock, the dealership sold almost 800 new vehicles, and more than 800 used vehicles last year. He said about 60 of those were sold during the week between Christmas and New Years Eve, their busiest week of the year.

"It's been the best new car market since 2008," said Smock, who said the boost in sales corresponds with the general health of the economy.

"If people are out buying big ticket items, they feel confident about their jobs and secure about their future," said Smock who also credited low interest rates as a big incentive for consumer confidence.

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