Mankato sees boost in auto sales
Honda dealer thrives despite damages in Japan
Auto sales numbers indicate all car dealers in Mankato are enjoying a strong rebound.
For the first time since the 2008 recession hit, Mankato dealers topped the 1,000 mark in monthly auto sales.
“Since July we’ve doubled our inventory and more than doubled our sales, and our service department has been the same,” said Kerry Lindsay, general manager of the Mankato Luther Honda dealership.
While many Honda dealers saw their inventories shrink because of the tsunami damage to plants in Japan, the Mankato location was allocated extra vehicles because it had just opened a larger store off Madison Ave.
Low-mileage inventory tight
Dealers say consumers who put off purchases the past couple of years are to the point where they need a different vehicle. A strong farm economy is also helping drive sales of pickup trucks.
The inventory of lower-mileage used vehicles continues to be tight as a result of people holding off on trading their vehicles in.
Lindsay said they’ve started a program where they take trade-ins and also buy used cars outright from the public. As a result they get about 15 or 20 used cars a month.