Detroit Bureau on Twitter

Posts Tagged ‘car market’

January Car Sales Running “Ahead of Expectations”

Recovery picking up steam.

by on Jan.24, 2011

Off to a fast start in 2011, the U.S. car market.

Picking up where already-solid December sales left off, things are looking good for January to continue the momentum of the automotive recovery, industry analysts suggest, one key observer noting that demand is running “ahead of expectations.”

So far, the ongoing run-up in fuel prices – which have now pushed the price of a gallon of gas to more than $3 in most of the country—doesn’t seem to be short-circuiting market momentum, observers indicate, though a further, sharp increase could still send things into a downward spiral.

If mid-month sales trends continue to hold, the U.S. auto market will show a 23% year-over-year gain for January 2011, forecasts the California-based market research firm, J.D. Power and Associates.  The industry, the firm reports, is “starting the year ahead of expectations,” with an annualized sales rate approaching 12 million – about 2 million ahead of January 2010 sales levels.


December Sales Put A Warm Touch on a Cold Year

Automakers wrap up worst year since 1970.

by on Jan.06, 2010

Counting retail sales alone, Toyota was America's number one brand in 2009. The Asian maker hopes to keep that momentum going with products like the newly-remade Sienna minivan.

Sales of new cars and trucks weren’t exactly booming during December but the adjusted annual sales rate was still strong enough to suggest that sales finally bottomed out as the U.S. auto industry wrapped up its worst year in nearly four decades.

Carmakers pegged the estimated sales rate at 11.4 million units, which is still well below the sales levels that prevailed before the recession gripped the industry in 2008, but substantially better than what the industry suffered through for most of the past year.

Industry Insight!

For all of 2009,  sales totaled approximately 10.4 million units, which was only slightly better than the expectation in early 2009 when carmakers were talking about sales in the sub-10 million-unit range – and may reflect the brief, mid-year boost the market got from the so-called Cash for Clunkers program.