Total vehicle sales started 2011 off the same way 2010 ended: in a slow but steady upward trend, according to NAFCU. For both December and January, the rate was unchanged at 12.6 million annualized units. For both November and October, it was at 12.3 million, and for September it was at 11.8 million.
Automakers reported double-digit increases in their year-over-year sales numbers. General Motors and Chrysler reported the strongest growth at 22.7% each; Toyota reported 17.3 %, Nissan reported 14.8% and Honda reported 13%.
It is believed that sales in January were thanks to rising consumer confidence, improving access to credit, the release of demand, the introduction of new models, and increases in incentive spending.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
