AAA reports Lower Gas Prices expected to Fuel Car Sales
March 13, 2015
1 in 5 plan to purchase a vehicle in 2015
Tampa, FL – Compared to last year, auto sales rose 14 percent in January and five percent in February, due in part to lower gas prices.
The average price for a gallon of regular unleaded gasoline is expected to be $2.33 in 2015, down more than a $1.00 per gallon from last year’s average, according to the Energy Information Administration.
“Lower gas prices will save the American family $755.00 this year,” said Duane Williams, product manager, Financial Services, AAA – The Auto Club Group. “That’s extra money that can be put towards a vehicle purchase. We expect to see car sales increase in the next month or two as the snow starts to melt and tax refund checks begin to arrive.” [Read more]
