Birmingham Automobile Dealers Association released the number of auto dealers sales across Central Alabama in February. In comparison with January when the sales were encouraging, a month later the total sales were 15.105, or down 11.6% from February 2013.
New car sales fell 22% to 3,842, while sales of used cars dropped 7% to 11,263.
Across the country, new light vehicle sales struggled in the first two months of the year, with many blaming the cold weather for keeping buyers away from car lots.
The Toyota Camry was again the top-selling new car in the region. The top-selling used model was the Ford F-150.
In the state of Alabama, in order to open an auto dealership, candidates need to obtain two separate licenses: one from the Alabama Department of Revenue, and one from a local probate office.
A surety bond is mandatory. If the dealership sells new cars, the required bond is $25,000; for used is $10,000. The good news: auto dealers in Alabama can get bonded even with bad credit.
The source of the story is www.al.com.