Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

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

By PetrolHead on 31 Dec 2012

Attached Image

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.

Attached Image

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.

Attached Image

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.

Attached Image

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.

Viewed: 416 times

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



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The Australian actor is reported to be portraying Enzo Ferrari in a new biopic on the Ferrari fou...
POPULAR BLOG POSTS
Photo
Liberty Media, which have officially taken over Formula 1, has put Ross Brawn in charge and as th...
Photo
The redesigned 2018 Camry will make its debut at the 2017 Detroit auto show next month. Possibly...
Photo
With its main rivals all going down the turbocharged route, Lamborghini wants to be special by st...
Photo
In recognition of 50 years of selling cars in Japan, the company is building a few one-off versio...
Photo
The dust for Toyota's new small crossover has barely settled but Toyota Racing Development (T...
   Lifestyle Articles
   Tags