Patchogue (WALK) - Long Islanders went on a shopping spree for new cars this past April.
A report today says that almost 20% more new vehicles were registered in Suffolk and Nassau this past May than during that same month in 2012. The exact number was 19,335 new cars registered on Long Island.
Car sales are up nationwide, but growth on Long Island is twice the national rate of increase. Nationally, new vehicle sales rose by 9% in April.
Many economists have expressed surprise at the growth in car sales, since the region is still plagued by stagnant wages, underemployment and a shortage of well-paying new jobs on Long Island. Other experts, however, theorize that many people postponed buying new cars during the recession, and now have no choice but to replace their aging vehicles.
Every major carmaker shared in Long Island's April growth in vehicle sales, especially Ford, with a 43% rise. Growth was strong for Nissan as well, with new vehicle registrations uop 36% from the year prior.