Tag: Car Sales
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Colorado new car sales drop nearly 20% in first quarter
Car sales in Colorado slumped in the first quarter this year as consumers responded to reduced EV incentives and manufacturers began to pass on the cost of tariffs to buyers. The Colorado Auto Dealers Association (CADA) reported 43,514 new vehicles were registered in the first quarter. That included 6,152 new vehicle registrations in southern Colorado.…
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With robust rebates, Colorado surges ahead of national pack on electric vehicle sales
New data show that Colorado is slightly ahead of the national average in adopting electric vehicles, which car experts attribute to robust rebates in the state. Plug-in hybrids and pure electric vehicles make up 17.01% of the new vehicle market in the third quarter of 2023, according to Matthew Groves, CEO of the Colorado Automobile…
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Colorado new car sales in 2021 see double-digit growth, electric vehicles booming
Coloradans bought and registered 10% more “light cars” in 2021 than during the pandemic low of 2020, and electric vehicle sales were through the roof with an 81% year-over-year increase, according to a report from the Colorado Automobile Dealers Association. Sales in the first three quarters of 2021 were up across the board, but dropped…
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Colorado law to require new license plates when vehicle is sold, transferred
A new Colorado law will soon cause license plates to expire when a vehicle is sold or transferred, the Division of Motor Vehicles announced Friday. This means vehicle owners will not be able to transfer their old license plates to their new vehicles. The License Plate Expiration on Change of Ownership Act goes into effect…
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Report: Colorado new vehicle registration down 16.5% as markets struggle
New vehicle registration is down 16.5% compared to 2019, according to a Colorado Automobile Dealers Association report released Thursday. The report looks at vehicle registration from January to August 2020 compared to the same period in 2019. This year, new vehicle registrations totaled 139,717 vs. 2019’s 167,414. The report also found that car registrations fell…