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Entries in Auto Sales (7)

Thursday
Jan032013

US Auto Sales Reach Five-Year High

KAREN BLEIER/AFP/Getty Images(NEW YORK) -- U.S. auto manufacturers, as it turns out, did quite well in 2012.  Sales climbed 13.4 percent to 14.5 million cars and light trucks sold -- a five-year high.

It was a big year for Chrysler -- the company in 2012 achieved its best sales in five years. Chrysler's Dodge brand led the pack, with sales of the Journey crossover and Dart compact car helping the company to a 21-percent gain. In all, Chrysler sold 1.65 million vehicles last year.

Ford was up 4.7 percent in 2012, boosted by its best December sales in six years.

General Motors' sales, led by the Chevy Sonic small car, posted a 1.6-percent gain last year.  The company's December sales rose by 4.9 percent.

Copyright 2013 ABC News Radio

Tuesday
Oct022012

Auto Sales Hit Highest Level Since Early 2008

iStockphoto/Thinkstock(NEW YORK) -- Car and truck sales in the U.S. have hit their highest level since February of 2008, according to Autodata.
 
Of the Detroit three, Chrysler had strong sales, showing a 12-percent increase compared to a year ago. General Motors and Ford had more muted numbers -- GM sales were up 1.5 percent and Ford sales were down 0.1 percent.
 
Japanese carmakers posted strong year-over-year gains, in part because the comparison is to a time when they were suffering badly from the effects of the Japanese earthquake.
 
Smaller, more fuel efficient cars posted by far the strongest sales for the car companies.

Copyright 2012 ABC News Radio

Tuesday
Sep042012

Ford, GM, Chrysler Report Strong August Sales

KAREN BLEIER/AFP/Getty Images(WASHINGTON) -- Consumers may still be exercising caution when it comes to spending money on some things, but last month’s auto sales showed that new cars isn’t one of them.

August was a hot month for the auto industry: On Tuesday, Ford reported sales rose 13 percent last month; General Motors says sales were up 10 percent on solid gains for Buick, Cadillac and Chevrolet; Chrysler repeated its strong showing, with last month's sales up 14 percent on the year before; and Volkswagen is making a comeback with its biggest August for sales since 1973.

And while the auto industry is running well ahead of last year, separate reports out Tuesday showed U.S. manufacturing fell for a third straight month, while construction spending took a dive due to a steep drop in home improvement projects.

Copyright 2012 ABC News Radio

Wednesday
Aug012012

GM, Ford Sales Slip in July; Chrysler, Others Report Strong Month

iStockphoto/Thinkstock(NEW YORK) -- Any worries Americans have about the economy fail to dissuade them from buying cars.  

Chrysler had a banner July, with sales up 13 percent. Volkswagen posted a 27 percent jump. Toyota saw a 26-percent rise. And at Nissan, sales were up 16 percent.

General Motors and Ford Motor Co. didn’t fare quite as well last month. Sales of GM vehicles slipped 6 percent, the company said, while Ford reported a 4 percent decline in sales from the previous year.

Buyers closed out of the auto market since the recession are finding good deals on last year's models, better financing and strong trade-in values. Pent up demand, analysts say, is also helping consumers overcome the risk of a softer economy. The average car on the road is more than a decade old so some drivers need to buy rather than bring their clunker in for one more repair.

Copyright 2012 ABC News Radio

Tuesday
Jul032012

Automakers Report Better-than-Expected June Sales

iStockphoto/Thinkstock(DETROIT) -- American consumers may be cautious about spending more money but they are buying new cars. From fuel efficient small cars to monster pickups, sales are up. Both U.S. and foreign automakers reported better than expected numbers for the month of June.

Chrysler saw its best June in five years with sales of the Fiat 500 and Chrysler 300 more than double those of a year ago. Ford had a decent June with sales up 7 percent. General Motors gained 16 percent compared to 2011. Sales of the Chevrolet Volt more than tripled compared to a year ago.

Copyright 2012 ABC News Radio

Thursday
May032012

GM Reports $1B in 1Q Profits, Despite Troubles in Europe

Bill Pugliano/Getty Images(DETROIT) -- General Motors earned $1 billion in profit in the first quarter of 2012, beating expectations thanks in part to strong U.S. sales, the company announced Thursday.

GM is still 33.3 percent owned by the U.S. government, down from a 60 percent stake at the time of the bailout in 2009.  The company has paid back $24 billion of the $50 billion it received at that time.

“The U.S. economic recovery, record demand for GM vehicles in China and the global growth of the Chevrolet brand helped deliver solid earnings for General Motors,” said Dan Akerson, GM’s chairman and CEO, in a statement.

Last week Chrysler announced bigger-than-expected profits. Ford, meanwhile, had $1.4 billion in profit last quarter, but that was lower than Wall Street expectations.

Copyright 2012 ABC News Radio

Thursday
Sep012011

American Auto Sales See Strong August

Jim R. Bounds/Bloomberg via Getty Images(WASHINGTON) -- American automakers improved their sales performance in August.

Strong sales of Jeeps and minivans led Chrysler to its best August in four years, up 31 percent from 2010. General Motors saw sales rise 18 percent. Chevrolet Cruze, the new compact known for its fuel efficiency, accounted for one in every ten vehicles GM sold. Ford also improved its performance in August, with sales up 11 percent.

With consumer confidence at a two-year low, industry analysts had expected a weaker month.

Copyright 2011 ABC News Radio







ABC News Radio