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Posts Tagged ‘december 2011 car sales’

Domestic Automakers Rebound in 2011; Will 2012 Bring Japanese Revival

Toyota, Honda end year down but promise comeback.

by on Jan.04, 2012

After setting its third consecutive annual sales record, Subaru will aim for a fourth with new models like the BRZ sports car.

Carmakers celebrated another 10% gain in car sales for 2011 as they finished the year with sales at the best level in years.  There were a few notable exceptions, however, as two of Japan’s three largest makers wrapped up 2011 with further sales declines – while promising to turn things around in 2012.

The seasonally adjusted annual rate of sales was 13.6 million units as several manufacturers, including Chrysler, Kia, Hyundai, Subaru and Volkswagen, wrapped up 2011 with impressive gains during December. Kia, for example, posted a 42.6% increase in the final month of the year, while Chrysler sales were up 37.6% increase for December.

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Notably, December saw transaction prices rise to record levels while incentives dipped for the month, following a months-long trend despite the push by some Japanese makers to try to rebuild their market share by putting plenty of cash on the hood.


2011 Car Sales End With a Surge

Industry enters 2012 with new-found momentum.

by on Jan.04, 2012

With new model on tap, Ford gained ground in 2011 with outgoing Fusion model.

Countering earlier concerns about a double-dip recession, U.S. auto sales wrapped up a skittish 2011 on a positive note, surging in the final weeks of the year, with Detroit’s automakers helping drive the overall market to its highest level since the start of the long economic downturn.

Overall sales of new cars, trucks and crossovers increased by 10.2% during 2011, largely paced by a surge in demand for domestic brands. General Motors, Chrysler Group LLC and Ford Motor Co. all finished 2011 with double-digit increases over the previous year. Vollkswagen also reported a 26% gain for 2011 as its new lineup of cars – especially the American-made 2012 VW Passat – has clicked with customers.

(Detroit makers aim to regain long-lost lead in midsize market. Click Here for that report.)

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Chrysler Group reported U.S. sales of 138,019 units, a 37% increase compared with sales in December 2010 and the group’s best monthly volume since May 2008.

Ford Motor Co. also reported a 16% increase, while GM reported a modest 5% increase.


Auto Industry Likely to End Year with Strong Sales

Preliminary signs suggest year-end buying surge.

by on Dec.23, 2011

Christmas shoppers will put plenty of cars under the tree this year.

The auto industry has been doing much of the heavy lifting, in recent months, helping fuel a late-2011 surge in the economy and it looks like the car market’s recovery from its worst downturn since the Great Depression is continuing into the year-end holidays.

In fact, December is on track to be the strongest month of the year, an unusual development as American consumers typically focus their spending on smaller presents they can pile up under the tree.

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But if preliminary reports hold true for the month as a whole, December could see retail U.S. car sales surge past the 1 million mark for the first time since the 2009 Cash for Clunkers program, according to J.D. Power and Associates.

“The industry has managed through another series of external shocks and is in a healthier position as the year closes,” said John Humphrey, Power’s senior vice president of global automotive operations.