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Car Sales Up, Fiscal Cliff an Factor

By: Kristin Anderson
Updated: December 31, 2012
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Car dealerships are more and more customers drive off their lots in new cars.

"We have seen a spike in sales here at the end of the year," said Mike Hall, owner of Crossroad Motors. 

Sales are up this December compared to last year. And Mike Hall, who has owned a lot for 16 years says that it's an unusual trend.

"Usually around this time of year, around November or December, they kind of fall off," he explained. "People waiting for their check returns."

But almost everyone has the same reason for car shopping this December: fear of the fiscal cliff.

"Everybody's fearful with the government right now. It's the most trying time, I think, we've seen with this fiscal cliff coming up," Mike said. 

Mike said that normally car sales go up during the first of the year as people get their income tax returns. And that he isn't the only one with the early increase.

"Everybody's seeing a spike," he said. "From the pawn shops to the car lots to the sales each and every place, they're all going up."

He stocked up on his inventory beforehand. Though he was preparing for the higher sales in January. it came in handy a month early.

"I didn't want to wait until the first of January where all the whole sales actually go up. I wanted to make sure the lot was stocked with all we could pack in here before the sales started with the income tax return money and stuff," Mike explained.

And now, all mike has to worry about is keeping everything ready for another month of increased business.

"Trying to make sure we have plenty of stuff in stock," said Mike. "Everything's clean and ready to go."

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