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U.S. Automakers Set for Best Year Since 2008

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 11:39 AM
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U.S. Automakers Set for Best Year Since 2008
Source: Bloomberg

The U.S. auto industry is seeing demand recover faster than anticipated, with carmakers headed toward their best annual performance in three years at sales of 12.8 million vehicles.

Consumers entered this years final month demanding models ranging from big pickups to luxury sedans to fuel-sipping hybrids after pushing Novembers sales to the fastest monthly pace since the governments cash for clunkers trade-in program in August 2009. General Motors Co. (GM) and Chrysler Group LLC, two years removed from bankruptcy, have been taking share from disaster-stricken Toyota Motor Corp. and Honda Motor Co.

U.S. buyers are replacing their cars after delaying new- vehicle purchases as long as possible, and they are snapping up F-Series pickups and Prius hybrids as consumer confidence in the economy jumps. That means the automakers havent had to resort to fire-sale prices to goose demand.

The industry has managed production levels to where demand was this year and didnt get ahead of itself, said Jeff Schuster, a Troy, Michigan-based analyst for LMC Automotive. With inventory now being replenished, its not a situation where were seeing too much production or seeing heavy incentive use.

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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 12:48 PM
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1. Plenty of expansion for workers too /

Just the first three of many stories like them - all at UAW plants with American marques (the only kind of jobs that aren't immediately dismissed as worthless on DU. Although luckily for the actual workers and want-to-workers in contrast to DU purists, the transplant brands like MB, BMW and Nissan are also expanding US production)
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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 02:03 PM
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2. Kicked and recommended.
Sales are improving, domestic manufacturing is up, demand is up, unemployment is down... The economy is slowly clawing it's way out of the hole, despite the Republicans' best efforts.
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