The new year is starting out on a high note for United States automobile sales. United States automakers reported year-over-year revenue gains for January. Historically, January is a notoriously slow month for United States car revenue. Coming off a late 2010 surge, analysts expect U.S. auto sales to gain further momentum with new models and an economy that gradually improves.
Recovery of U.S. automobile industry evident
The automobile sector sale and pricing site, truecar.com reported sales increases in January. Almost every United States automaker reported this. The low financing rates, stable fuel prices, demand, consumer confidence going up and new models of automobiles are what are making the U.S. auto industry do so well. The Ford Motors explorer was redesigned. Others are also anxious about the General Motors Volt plug in hybrid and the Ford Explorer. The biggest sale increases in U.S. automakers occurred with Ford Motors and General Motors that got the new models and public perception in manufacturing fixed.
Car sales within the United States statistics
The fact that January’s United States car revenue figures showed less emphasis on fleet revenue at deep discounts than in 2010, is another encouraging sign for the sector. The slide in fleet revenue means households are returning to dealer showrooms. There was a 9 percent increase in revenue that Ford recorded in Jan while General Motors had a year to year increase of 22 percent in sales. General Motors increased automobile sales to individual customers 36 percent and Ford Motors saw a 27 percent improvement in that category–the largest year-over-year increase for the business in more than 10 years. A 23 percent increase in January was reported by Chrysler while a 15 percent increase was reported by Nissan. Toyota reported a 17 percent increase, which was below expectations. Since Toyota Motors had to recall over 10 million vehicles within the world, the performance wasn't that great.
More and more auto sales in The United States
January sales were really good for U.S. automakers. It was 17 percent higher than January 2010 showed. The annualized rate is steadily climbing, from 10.8 million autos in January 2010, to 12.5 million in Dec., to 12.6 million last month. There was an 11 percent increase to 11.6 million automobiles in 2010 shown in the United States car industry. U.S. car sales bottomed out in 2009 at 10.4 million. Automakers project U.S. sales in excess of 13 million in 2011. United States automobile revenue got, in 2007, to 16.1 million before the recession.
Articles cited
New York Times
nytimes.com/2011/02/02/business/02auto.html?src=busln
Bloomberg
bloomberg.com/news/2011-02-01/ahead-of-the-bell-us-auto-sales-keep-up-slow-rise.html
Daily Finance
dailyfinance.com/story/toyota/january-auto-sales-should-build-on-2010s-momentum/19820056/
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