American auto sales top 13m

first_img American auto sales top 13m KCS-content Share whatsapp AMERICAN auto sales hit their highest level in 16 months in December, it was revealed yesterday.The figures surpassed expectations and marked the end of a strong year for the formerly troubled industry.Economists had predicted sales of 12.3m, yet the annual sales rate for December jumped above 13m, according to initial data from major automakers.US vehicle sales rose more than 11 per cent in 2010, reversing a four-year slide. The figures are a snapshot of consumer demand and bode well for the economic recovery in the new year.The previous decline in the industry had ended in controversial government bailouts for GM and Chrysler.Ford, however, avoided a bailout. Car makers now believe that sales for 2011 can also exceed 13m.“It was stronger than we thought,” commented Ford’s George Pipas on the results.And there was also good news for US manufacturing, as factory orders rose 0.7 per cent in November.Orders excluding transportation recorded their largest gain in eight months, fueling dollar buying versus the euro.The result surprised analysts who had expected orders to either level out or actually decline, after orders fell by 0.7 per cent the previous month.FAST FACTS | US AUTO SALESGeneral Motors annualised sales rose 7.5 per cent in December.Ford sales increased by 6.7 per cent over the same period, while shares rose by over 70 per cent. whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Show Comments ▼ Tags: NULL Tuesday 4 January 2011 7:39 pmlast_img read more