Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

US auto sales rise in November

By Ritika Sharma Subscribe to RSS | December 3rd 2011 | Views:
loading
 
  



Despite, a sluggish economy and a weak employment sector, car sales in United States surged in November, their fastest pace in two years, reflecting a lot of pent-up demand.

According to a report released Thursday by Autodata Corp., the industry registered sales of 13.63 million in November, up 13.9 percent from a year earlier.

The statistics surpassed the 13.4 million average projected by analysts, and is the strongest since August 2009, when sales were helped by the cash-for-clunkers economic stimulus program.

“Consumers have been waiting for this. Cars are getting old, and people are getting to the point where they need to replace them. There’s recession fatigue and people want to buy. We’re getting tired of being in this saving pattern,” said Edmunds.com Senior Analyst Jessica Caldwell.

General Motors and Ford

Ford Motor Co. reported a 13 percent increase in sales, spurred by the demand for the new Explorer SUV which has increased more than three times over last November. Sales of the Escape were also strong.

Sales of Ford's sport-utility vehicles were up 29 percent, but sales of cars fell 8.8 percent. The market for the Focus model declined for a fifth-consecutive month.

“Consumers have been waiting for this. Cars are getting old, and people are getting to the point where they need to replace them. There’s recession fatigue and people want to buy. We’re getting tired of being in this saving pattern.” --Edmunds.com Senior Analyst Jessica Caldwell

The Ford F-Series pickup was a popular purchase in America, with sales rising 24 percent, making it the best monthly performance for the brand since 2006.

General Motors' (GM) sales were up 7 percent in November. GM witnessed a 34 percent increase in sales of the Chevy Silverado, a 22 percent rise in sales of GMC Sierra and a 54 percent jump in sales of Chevrolet Cruze.

GM's passenger car sales registered a one percent gain while sale of its trucks gained 25 percent.

Don Johnson, G.M.’s vice president of United States sales operations, said, “Truck sales showed a very solid increase, as we expected, but the momentum building behind our most fuel-efficient vehicles was even stronger.”

Other automakers

The Chrysler Group was the biggest gainer this month with sales surging 45 percent to 107,172 vehicles, its best since November 2007. The Chrysler brand registered a 92 percent increase in sales, and Jeep brand sales rose 50 percent.

“November was another huge month for the Chrysler Group and our highest year-over-year sales gain of 2011,” Reid Bigland, president and head of U.S. sales for Chrysler and CEO of Dodge, said in a statement.

The Volkswagen group reported a gain of 41 percent, thanks to the new Jetta and Passat sedans. Sales of Nissan shot up 19 percent due to strong market for its Versa and Sentra small cars.

Toyota Motor Co reported an increase of 7 percent in sales while that of Honda Motor were down 6.4 percent.

Ritika Sharma - About Author:
Here you can get the latest updates about Finance news. Get more details about Finance and investment news .

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/marketing-articles/us-auto-sales-rise-in-november.htm

Related Marketing Articles Subscribe to RSS

The progress today news has made in world
Published by Nidhigupta on June 18th 2012 | Business
News is something that reaches out to each and everyone in the whole world. It is a very popular and...
 
Store t-shirts, cheap and silkscreened, large stock of shirts advertising
Published by Cami Setas on May 17th 2012 | Business
Online shop. In our shop you can buy shirts with prints for individuals, companies and teams....
 
The benefits of world news
Published by Nidhigupta on June 18th 2012 | Business
The world is coming closer and closer day by day thanks to the latest innovations in science and tec...
 
Acquaint yourselves with news headlines in the comfort of your home
Published by Nidhigupta on July 7th 2012 | Business
Most of the people prefer referring to news headlines on the television. There are ample to televisi...
 
Military news catering to the people with specific interests
Published by Ashish Pandey on January 12th 2012 | Business
Military news can specifically serve to a group of people who have special interests in knowing abou...
 
Aftermarket news- know what’s happening!
Published by Jamessms on January 30th 2012 | Business
If you are into any kind of automotive business, you need to know about what exactly is going on in ...
 
Where does bankrupt stock come from
Published by Julia Roger on January 17th 2012 | Business
Obviously when a company gets into trouble it inevitably involves debts. Amounts of money need to be...
 
Enjoy your morning tea with breaking news India
Published by Nidhigupta on June 25th 2012 | Business
The recent past events evidently show that India is a country where uncertain events happen. The ear...
 
Get updated with latest India news
Published by Nidhigupta on July 18th 2012 | Business
India breaking news can also be viewed from abroad where many Indian live or pay a trip to. They can...
 
Do you need to stock up on Ringbinders for your office space?
Published by Mary Porter on June 19th 2012 | Business
One of the most widely used marketing techniques around is the production of ringbinders and folders...
 
Connect to world with international news
Published by Nidhigupta on May 25th 2012 | Business
It is crucial for everyone in order to depend on day to use global news. We are able to acquire a gr...
 
The effect of current business news on the businessmen
Published by Nidhigupta on July 9th 2012 | Business
India came to be recognised for its business growth and development only in the 90s. And since then,...
 
The innovative era of latest news
Published by Nidhigupta on July 16th 2012 | Business
News has proved to be the essential par of our daily lives. It has become necessary to have the dail...
 
The importance of online news
Published by Nidhigupta on June 27th 2012 | Business
News keeps us updated with the most recent events and happenings of the nation. Today news has emerg...
 
Health news releases – Your path to success
Published by Hall Clark on March 12th 2012 | Business
Many businesses do not have the funds to distribute their news releases professionally. Earlier it w...
 
The popularity India news is getting day by day
Published by Nidhigupta on May 28th 2012 | Business
News as we all know is delivered to us by television, radio, internet, newspapers and other forms of...
 
How latest world news matters to every individual
Published by Nidhigupta on July 10th 2012 | Business
The importance of latest world news has now been understood by all. Every person after going through...
 
Updates of world news through internet
Published by Nidhigupta on May 28th 2012 | Business
The most greatest aspect of these news channels is that there has been a complete merger of various ...
 
Get success in stock market with Stock Market Browser
Published by William Jackson on July 30th 2012 | Business
Stock Market Browser has come up as a beneficial and ideal tool that is capable of taking an instant...
 
Online car magazines That’s right get iauto for all the latest in automotive news
Published by James Blee on August 25th 2012 | Business
To find out more about one of the best online car magazines that South Africa has to offer, visit ia...