While the auto industry is still a long way from regaining its old swagger, it reaps little successes here and there that seem to indicate that it’s already on its way up. A J.D. Power and Associates analyst says that because of declining costs for labor and auto parts, automakers will be making money at lower U.S. sales volumes next year.

Rich Sands, the market research firm’s executive director of automotive operations, said that the industrywide breakeven point will be 11 million next year, down from 13 million in 2009. He explained that seasonally adjusted annual sales rate has averaged 10.2 million this year, signifying that the average domestic and international automaker won’t make a profit at current U.S. sales volumes. Continued after the jump!

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Tags:2010 car sales, car news, car sales, cars
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