Thanks to a strengthening economy, low gas prices and pent-up demand following the recession, auto sales hit a record level in 2015.
The industry sold 17.47 million new cars and light trucks last year, marking the best year in terms of volume for 15 years, according to The Wall Street Journal. The average vehicle sold for $34,428 in December 2015, a record high.
One other thing that’s fueling those sales: debt. Consumers are turning to leases and longer-term loans to help finance their purchases. Total auto loans in the U.S. hit $1 trillion for the first time in 2015. Nearly 75 million consumers have outstanding auto loans.
Interested in purchasing a new vehicle in 2016? We combed through all the “Best of 2016” lists out there to compile an ultimate best of the best list. Every car here made appearances on at least three other lists. Click here to see which vehicles made the cut.