The Cleveland Auto Show looks to spark spring buying season as local auto dealers load up on inventory.
CLEVELAND — The sun that was shining bright outside of the IX Center on the first day of March was a sign of the optimism local auto dealers have heading into spring. The weather Wednesday made for the perfect backdrop for those looking to test drive a potential new ride. People like John Oliger who drove up from Columbus. He likes that the cars are here without the pressure.
January auto sales were down 2.9% compared to 2021 but that 2021 number was down 20% from 2020. Inventory was a major factor in the decline early last year but the Greater Cleveland Auto Dealers Association says it's coming back. Incentive is a word that Vitantonio said hasn't been used in a couple of years because there wasn't a need for them with inventory so low. Some of those incentives address the newer issue this year of high interest rates that have jacked up your monthly car payments.
Inflation though is an issue there is no way around. Bill Scharf of Berea is in the market for a new truck but the stickers?"You know most of these are $50,000, $60,000 you know it's getting to be the same price as a house," he said laughing."I've been looking at the Corvette, I like the EV Hybrid that they have because you don't have to be dependent on charging," he said. When News 5 asked what the price tag was? "I think they start at $103,000.
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