What’s Driving Car Sales – Again

Posted by Rick Stine on January 04, 2011
Auto Industry, Economy

The major automakers reported their December sales today and for the 11th straight month, they saw gains. Interestingly, sales of autos were down sharply for some of the automakers while light trucks and SUVs were up sharply – perhaps yet another sign of people feeling a little more economically comfortable.

In terms of auto sales, Chrysler had 46.5% fewer sales this past December then the year before. GM was off 20.6% and Toyota was down 16.1% The decline at GM put it in fourth place in terms of number of cars sold.

But in the truck and SUV category, GM came out on top with a 25.7% gain. It sold 161,105 trucks and SUVs versus 63,042 cars. In fact, the top six automakers all saw gains in sales of trucks and SUVs.

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