General Motors and Ford Motor Co. both reported strong sales numbers for December – leading both domestic makers to forecast the pace of the ongoing recovery will continue picking up in 2011.
Ford reports its sales surged 6.7% for December, while GM nudged into double-digit territory, with a 16% jump for the month when compared with December 2009. Preliminary indications are that, for the industry as a whole, December 2010 saw a seasonally-adjusted annual sales rate, or SAAR, of 13.3 million vehicles, which would be the highest monthly figure for all of 2010.
But the pace seems all but certain to continue picking up, officials with both makers said.
GM predicted total industry sales will reach 13.5 million units in 2011 as the economy continues to improve. That forecast represents a robust 14% improvement over the 11.8 million sales posted for all of 2010, as the industry began to improve from the recession.