Auto sales set to recover strongly in the U.S.?

Auto sales are set to jump in the coming years but will high gas prices put a strain on the auto recovery?

From CNN.com:

FORTUNE — It has been a dismal three-plus years for U.S. auto sales.

After a halcyon stretch early in the 2000s, when annual sales of cars and light trucks topped 16 million for nine straight years — and even poked above 17 million at times — they have been sharply depressed.

Sales tumbled to 13.2 million in 2008 and then fell all the way to 10.4 million in 2009, helping to send General Motors and Chrysler into bankruptcy.

Since then, sales have improved slightly, recovering to 11.6 million last year — but still well below long-term trends.

Now, in a surprisingly upbeat forecast, economist George Magliano of HIS Global Insight sees better times ahead — much better, in fact.

Read the full article.

  

Nissan sales jump 31.6 percent in February

Nissan finished out February with an increase of 31.6 percent in sales which equates to 9.3 percent market share in the U.S. That is Nissan’s highest market share ever and it appears Nissan is gaining when the market seems to be recovering.

From AutoRemarketing.com:

Nissan North America said it reached the highest U.S. market share level in company history during February.

The automaker discovered its U.S. market penetration climbed to 9.3 percent last month. The new record comes after Nissan says it gained 0.4 percentage points throughout 2010 to vault it to one of the three fastest-growing OEMs in the U.S.

Last month, the company determined it sold 92,370 vehicles versus 70,189 units a year earlier, an increase of 31.6 percent. Sales at its Nissan division spiked 31.8 percent for the month and also set a new February record. Meanwhile, officials determined sales of Infiniti vehicles rose 29.9 percent over the prior year and marked the 13th consecutive month of double-digit sales improvement.

Beyond the raw numbers, the company offered more Nissan highlights:

—The brand moved 83,226 units to compile a market share of 8.4 percent — a record for any month.

Read the full article.

  

Sales up for Chrysler

Chrysler sales take off in June with Dodge leading the charge clocking a 67% increase with the Charger, Avenger and Challenger leading the way. The industry average was well below Chrysler’s jump in sales as things might be changing for this company. Looking back a year ago and then to today with a market that has still not rebounded strongly you have to give the folks at Chrysler/Fiat credit for fighting back. There are new products on the way and if the auto market in the U.S. can find it’s way in the months ahead Sergio Marchionne will have a lot of new friends in the Midwest!

From the Detroit Free Press:

Chrysler said today that U.S. sales jumped 35% compared with the same month a year ago, a gain led by its Jeep and Dodge brands.

Jeep sales rose 25%, on an 86% jump Jeep Wrangler sales. Dodge, newly minted as a car brand, saw its sales increase 67% on a spike in sales of the Charger, Avenger and Challenger.

Overall, sales of Chrysler’s passenger cars, an area where industry observers say Chrysler must improve, nearly doubled.

Chrysler’s minivans also performed well. Sales of the Chrysler Town & Country rose 34% and sales of the Dodge Caravan jumped nearly 50%.

Read the full article here.


Photo from fOTOGLIF

  

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