TopNews

Economic Watch: 2013 Auto Sales Best Since 2007

January 3, 2014

By Evan Lockridge

SHARING TOOLS        | Print Subscribe

Sales of new autos in the United States last year should post their performance since 2007, despite a slight dip in December, according to published reports.

Expectations are 2013 sales will be 8% higher from the year before, totaling 15.6 million vehicles, which would be the best since 16.1 million in 2007.

For 2013, Ford had the greatest sales gain with an 11% increase from 2012, totaling 2.5 million cars, light trucks and SUVs. Chrysler saw a 9% hike, with sales of 1.8 million, while GM sales rose 7% to 2.8 million. Toyota also added 7%, with sales increasing to more than 2.2 million vehicles.

ADVERTISEMENT

In contrast December sales for Ford, GM, Toyota and Volkswagen were regarded as disappointing while Chrysler saw a 6% increase, its best December in six years. Some believe there were December sales that were pulled into November because of the four-day Thanksgiving weekend and December sales were likely hurt by severe weather in parts of the country.

Analysts are mixed when it comes to expected sales increases for 2014, with some predicting a continuation of a yearly hike of more than a million vehicles, which has happened annually since 2009, while others see it slowing to a still respectable 400,000 increase.

“The auto industry was a consistent bright spot in the economic recovery throughout 2013,” says Bill Fay, Toyota division group vice president and general manager.  “We expect the economy will continue to gain strength in 2014, with car sales rising to pre-recession levels.”

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine