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Auto Sales Expecting to Boom!

Posted by Brandon Weaver | Fri, Aug 17, 2012 @ 10:00 AM

auto sales increasingMake no mistake about it; the auto industry is a vital part of the U.S. economy. Like any industry, it has had its ups and downs, especially since the beginning of the 2008 recession. Recent data projects the industry is on the rise again, proving to be a welcoming sign for many dealerships across the country.

At a time when some vehicle brands cease to exist, others continue to flourish by selling even more. According to USA Today, "the average dealer is expected to sell about 805 vehicles in 2012, up from 719 in 2011."

Urban Science continues to state that California, Iowa and Florida have added 13, 8 and 8 stores respectively the first six months of 2012. This is especially encouraging considering the United States still experiences high gas prices. In particular, CNN Money reports California has one of the highest average gas prices, yet has added the most stores in the first six months of 2012.

An increase in dealership sales has a trickle-down effect. More sales translates into thousands of jobs being created, making a dent in the unemployment rate in the process. Jobs in engineering, manufacturing, sales and management all benefit.

Higher sales are good news for any business. As auto sales stay strong, we're seeing an increase in auto businesses using check services such as Remote Deposit Capture. With RDC, check payments are processed at the point of sale, virtually eliminating trips to the bank to make deposits. In addition, the Federal Reserve Bank of Boston states "90% of people have checking accounts." Since this is true and new vehicle sales are high ticket items, check payment services have a lot to offer auto dealers.

How are sales at your dealership? Are you using a Remote Deposit Capture service? To learn more about catching this wave of success download our free guide.

 

remote deposit capture
 

Topics: Auto Dealerships, Increase Sales

Written by Brandon Weaver