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Auto Sales in US are expected to rise by 9 percent for December

By PetrolHead on 31 Dec 2012

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Auto Sales in the US of A are expected to rise by 9 percent for December, thanks to easier access to credit, rising home prices and demand.

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Anyway, as major automakers are to report December sales next Thursday, consumers are expenditure to tighten their expenditure budget in January due to the 'fiscal cliff'. Overall, 2012 car sales are expected to hit 14.5 million vehicles, a strong 13 percent increase in comparison to 2011.

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Apparently in the US auto sales provide and early indication monthly for US consumer demand. Industry experts explain how the improving housing market and consumer confidence results in better car sales - because Americans feel wealthier which in turn translates to higher auto sales. Another reason for strong demand is the average age of cars on the road - which is slightly over 11 years.

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Nature is a factor for positive sales in December as Hurricane Sandy delayed or postponed the sales of up to 30,000 vehicles from November.

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PetrolHead
Written by PetrolHead
A passionate motoring enthusiast since little, Akram's articles gives alternative insights on the latest motoring news.



 
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