Tuesday, December 4, 2012

Automakers report sales in November

NBC News staff and wire reports
It was thanks Superstorm Sandy a dark and stormy late October, but which does not cease to buy more vehicles consumers heading to dealerships in November.

Pent-up demand due to aging U.S. supports car sale car for months doing. November was no exception. Rising consumer confidence and low interest rates have also helped.

Chrysler, majority owned by Fiat, said Monday that sales rose by 14 percent to 122.565 cars and trucks, the strongest result since 2007 before the recession pushed the U.S. automaker and General Motors co in the bankruptcy.

Ford sales rose 6.5 percent, thanks to strong demand for its popular F-series trucks and its new C-Max hybrid. Ford also said that it would increase production in the first quarter by 11 per cent in the character, which she is confident that the sales pace would continue.

GM, the nation's largest automaker, reported an increase of 3 percent compared to the previous year by an increase in car sales up 19 per cent. Sales of trucks slid 11 percent however.

Toyota said U.S. sales rose 17 percent. Hyundai has its revenues by 8 percent in the past month more than a year earlier. And Nissan reported U.S. sales rose by 13 percent compared to the previous year earlier to 96.197 vehicles.

Chrysler predicted that industry-wide sales is therefore the best month in more than four years would run at an annual rate of 15.3 million in November. Several analysts expect U.S. sales of new cars and trucks to rise 11 percent to 13 percent in November, with the annual sales rate for the month in the range of 14.7 million to 15.3 million vehicles production.

Car sales are a leading indicator of U.S. consumer demand every month.

"We a strong December expected as the industry continues to recover from the East Coast hurricane," said Chrysler sales Chief Reid Bigland in a statement U.S..

SuperStorm Sandy injured the last days of sales in October, when completed the results below expectations. In addition, the average age of cars on the roads rose to just over 11 years old, and industry officials say that the demand will be stopped.

"The Black Friday period, nor even a strong boost," said Dave Zuchowski, executive Vice President of sales for Hyundai, in a statement, referring to the day after Thanksgiving.

"We were very encouraged by the strong sales recovery experienced in the northeastern regions, which were plagued by Sandy Superstorm and expect further impulses are for the balance of the year", he added.

Associated Press contributed to this report.

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