A majority of manufacturers experienced record-breaking sales for the month of July, and sales paced at a a seasonally adjusted annual rate of 15.8 million units.
A recent uptick in gas prices pushed consumers toward fuel-efficient vehicles rather than back to the sidelines, with the annual sales rate jumping to 15.1 million vehicles, according to Autodata.
Retail sales rose 11.4 percent in January, with the industry pacing at a 14.18 million seasonally adjusted annual sales rate — the highest rate since the government’s Cash for Clunkers program in August 2009, according to AutoData.
J.D. Power and Associates and LMC Automotive project January new-vehicle sales to be at 681,000 units, a 6 percent year-over-year increase.
AutoNation Inc. reported that new-vehicle unit sales in December 2011 totaled 24,342 units, an increase of 11 percent year over year.
Autodata Corp. estimated that U.S. auto sales reached 12.8 million units last year, marking the best year for auto sales since 2008 if the stat holds. Big winners were General Motors, Ford and Chrysler, with GM reclaiming the top spot in world vehicle sales two years after it emerged from its U.S.-backed bankruptcy.
Total used sales for December were up almost 12 percent, while sales for the year were up 5.2 percent, CNW Research reported today.
Based on the first two weeks, December is shaping up to be a strong month for the industry, reported CNW Research.
AutoNation CEO Mike Jackson will deliver the keynote address at the Washington Area New Automobile Dealers Association (WANADA)’s annual luncheon, scheduled for Dec. 7 at The Renaissance Mayflower hotel in Washington D.C.
November proved to be another strong month for automakers, with light vehicle sales pacing at a 13.63 million SAAR — the highest rate this year, according to Autodata Corp.
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