Analysts, dealers expect stronger US light-vehicle sales in December 2012

Article by Anita Panait, on December 27, 2012

Dealers and analysts alike expect light-vehicle sales in the United States in December 2012 to be stronger than the same month in 2011, yet weaker than they had anticipated. According to LMC Automotive, US light-vehicle sales would rise around 14 percent year-on-year in December 2012 to around 1.4 million units.

This would bring the total number of light vehicles sold in the US for the entire 2012 at around 14.5 million units. LMC expects the auto industry to log its second-best selling rate of the year in December, just short of the 15.6 million units sold in November. Danny Leach, a sales manager at Shore Toyota in Mays Landing, N.J., told Automotive News that November was “busier than normal” while sales in December “slowed down a little bit more." He, however, sees a big increase "right after Christmas.”

The strong December sales comes as carmakers are trying to finish 2012 on a strong note, with General Motors and other auto companies offering big year-end discounts to help empty their inventories. On the other hand, sales of light vehicles in the US are expected to have a slower growth in 2013, though many expect dealers to sell over 15 million new cars and trucks. It is even expected that by late 2013, the monthly selling rate could even reach near 16 million.

The auto industry has something bigger to worry about in 2013 – the so-called fiscal cliff, referring to a series of federal tax hikes and spending cuts set to commence at the end of December 2012 if the US Congress does not act. The fiscal cliff could stunt economic growth and force consumers to avoid making big purchases. Many experts, however, remain confident that Congress will delay or prevent many of the changes.

Topics: united states, sales

If you liked the article, share on:

Pin It

Comments

Recommended

To the proud owners and owner-to-be of the Porsche 991 Carrera GTS, there's good news for you all. German automobile manufacturer Porsche recently confirmed to the public that the Porsche...
by - March 23, 2017
McLaren diehards, this is the moment that you're all waiting for. The British automaker recently publicized the teaser outline of its new automobile that will hit the streets soon, dubbed...
by - March 23, 2017
PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen...
by - March 23, 2017
Reporting for duty. It’s been a year since the Victoria Police was loaned a new Mercedes-AMG GLE 63 S Coupe. In those 12 months, the coupe served as the law...
by - March 23, 2017
After making its debut at the Paris Motor Show last year as a concept car, the Trezor by Renault managed to bring home the 2016 Concept Car Design Of The...
by - March 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries