December Auto Sales For GM, Ford, Chrysler End Best Year Since 2007 [View all]
Source: Chicago Tribune
Automakers sold 14.3 million to 14.5 million vehicles in 2012, according to early estimates, making it the the industry’s best year since 2007.
“Auto sales have been resilient even through economic uncertainty,” said Jessica Caldwell, an analyst with auto information company Edmunds.com.
Factors such as low interest rates and an aging fleet of cars that consumers need to replace kept auto sales growing throughout the year and should sustain the industry this year, Caldwell said.
General Motors said its December sales grew 5% to 245,733 vehicles.
“GM’s strong finish in 2012, the industry’s momentum and the overall health of the U.S. economy make us optimistic about 2013,” said Kurt McNeil, vice president of U.S. sales operations. “The budget compromise reached in Washington this week removes uncertainty and clears the way for full-year light vehicle sales to rise to the 15 million- to 15.5-million-unit range in 2013.”