| 2011 to end on a positive note for the US auto industry |
| Written by Cartradeindia Editorial Team | ||||||
| Friday, 30 December 2011 | ||||||
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TrueCar.com, a price-tracking website, stated that the number of units of vehicles sold in the US will most likely reach 12.8 million. It will be the highest number of sales to be achieved since 2008.
The year 2008 witnessed one of the worst recessions of all times and the sales of the automobile industry dropped drastically. However, the car makers were still able to sell a total of 13.2 million vehicles. In 2010, the car makers sold around 11.6 new models. In order to attain the forecasted number in 2011, manufacturers will have to sell 1.2 million units more than the previous year. Industry experts at Edmunds.com predict total sales of around 12.8 million for 2011; however, J D Power and Associates are predicting sales of 12.7 million units. For 2012, TrueCar and J D Power Associates have forecasted 13.8 million units, while Edmunds.com has stated a total of 13.6 million unit sales. Jesse Toprak, Vice President of Industry Trends for TrueCar.com, says, “This year was absent of a blockbuster sales month, but we see this pace of growth as healthy and sustainable in the coming year where the industry is going to sell nearly 14 million units based on the merits of its products and improved economy.” Automobile manufacturers like Chrysler, Hyundai and Kia in December will probably record an increase in sales. Chrysler’s sales is most likely to rise by 33.8 per cent, whereas both Hyundai and Kia are expected to witness 39.9 per cent increase. Kristen Andersson, Automotive Analyst, TrueCar.com said “This year, new car sales are up year over year for every major automaker except Honda and Toyota, with Hyundai/Kia sales expected to rise the most at almost 28 per cent.”
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