December and Calendar 2012 Finish Year with Encouraging Sales Numbers

Dealer LotThe 2012 calendar year finished on a resilient if not strong note with double-digit gains from 2011 for retail and even fleet sales. Despite a slightly slower pace at the end of the month, which may have been stalled by the down-to-the-wire “fiscal cliff” negotiations, nearly all multi-franchise automakers sold more new vehicles in December in the United States than in the previous year, according to analysis by J.D. Power’s Power Information Network® (PIN) and strategic partner LMC Automotive. Total sales for 2012 also finished with double-digit gains from 2011.

Some final highlights for December and the 2012 calendar year:

For Calendar Year 2012:

• Total light-vehicle sales in the U.S. market finished 2012 at 14.46 million units, which is 13.5% above sales of 12.75 million units in 2011.

• 2012 retail deliveries reached 11.73 million units, up 13.6% from 2011 on a selling-day-adjusted basis.

• Fleet sales were slightly less robust in 2012—increasing by 12.8% from 2011. Continue reading ›

US Auto Market Experiences Solid Ending To a Good Sales Year

The US auto market finished 2011 on a robust note in spite of concerns about both the domestic and global economies, as well as significant setbacks to production and inventory levels for two major Japanese automakers following the devastating March 11 earthquake and tsunami in Japan.

Nearly 10% more new cars and light trucks were sold in the US market during the past year in comparison to 2010—12.75 million unit sales in 2011 vs. 11.56 million unit sales in 2010. The final (retail and fleet) sales tally was only slightly stronger than projected by J.D. Power’s Power Information Network® (PIN) and LMC Automotive a few weeks ago in their monthly forecast. Continue reading ›