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Posts Tagged ‘january 2012 auto sales’

US Auto Sales Off to Fast Start for 2013

Detroit makers show renewed momentum.

by on Feb.01, 2013

The 2013 Ford Fusion had a record month,

Anyone wondering whether the U.S. auto market could maintain the fast pace that helped deliver an unexpectedly strong close to 2012 needn’t worry.  The New Year is off to a fast and promising start based on the first sales numbers to come in for January.

Notably, Detroit’s Big Three makers all posted double-digit gains – good news for the Motor City considering the two largest domestic brands each lost market share last year.

Chrysler Group LLC reported a 16% increase in U.S. sales in in January as the automaker continued to gain sales, while Ford Motor Co.s January U.S. sales grew 22% year-over-year, and GM jumped 22%. All three makers stressed that their higher-profit retail sales grew at an even faster pace as they continued to shift emphasis away from generally lower-profit fleet markets.

Auto News From a Source You Trust!

Foreign-owned makers also appear to have had a good month, analysts expecting many to report double-digit gains, as well.  While most are still crunching their numbers, the Toyota brand was up 26.6% for the month, prompting Bill Fay, general manager of the Japanese maker’s mainstream brand to declare, “The sales pace we saw in the fourth quarter of last year rolled into January, exceeding our expectations for the industry.”


Sales Up but Transaction Prices Slip

But customers continue moving up-market.

by on Feb.03, 2012

With products like the Elantra flying out the door, Hyundai (and sibling Kia) had the lowest industry incentives last month - but also the lowest average transaction prices.

Trend or just a temporary setback?  In recent months, buyers have been steadily moving up-market while also adding significantly more content to the vehicles they buy.  Along with cutbacks in the typical industry incentive package that has rapidly driven up the price motorists pay – the average transaction price, or ATP, in industry lingo.

But while January saw a surge in sales, preliminary data suggest they may also be reining in their spending by focusing on lower-priced, less lavishly-equipped models.

The Final Word!

Including cars, light trucks and crossovers, the typical motorist spent $30,512 in January, according to car pricing information tracked by, a 0.6% decline from December.  But while that’s a notably reversal of recent trends, it doesn’t appear to signal an end to the industry’s current upward momentum, analysts stress.