Auto group says Conn. car sales rebounding

Posted by Erica Shevlin

HARTFORD, Conn. (AP) — New sales figures show Connecticut’s auto industry may be on the road to recovery.

The Connecticut Automotive Retailers Association says sales reached $8 billion by the end of 2010, a rebound from the $6.3 billion recorded two years earlier.

Four new dealerships also have opened in the last year. That’s a reversal from a trend a few years ago when several dealerships closed and the number of auto industry employees in Connecticut fell from more than 15,000 to fewer than 12,000.

The New Britain Herald reports ( ) that car dealers said they were cheered by the interest that auto manufacturers showed this month at the Connecticut International Auto Show.

They say car buyers also are having an easier time getting loans, which is helping sales rebound.

Copyright 2011 The Associated Press.

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Posted by Erica Shevlin on Nov 14 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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