US auto sales hit all-time record in 2015 image

As most of the industry analysts have predicted, the US auto industry broke the 2000 sales record, according to data gathered by Automotive News.

Due to strong figures in December, the US auto industry ended the year by surpassing the previous annual sales record set 15 years ago. According to the Automotive News Data Center, 17,470,659 light-vehicles were sold last year, marking an increase of 5.7 percent over 2014. In the previous reference year of 2000, 17,402,486 units had been delivered. December was one of the strongest months of 2015, up 8.9 percent over a year ago. The annual result was due to some obvious circumstances, as the US sales have been driven by a solid economy, low fuel prices, affordable credit and leasing, factors which boosted the demand for new cars. Similarly predictable were also the segments with the biggest impact on the auto sale. Trucks and SUVs were the most desirable vehicles, gaining 19 percent in December and 13 percent overall, while car demand remains at low levels, dropping 3.8 percent last month and 2.3 percent for the year.

Among the largest automakers, Nissan Motor was the biggest gainer, with a 19 percent increase from December 2014 levels. FCA US climbed 13 percent, volume rose 11 percent at Toyota Motor and 10 percent at Honda Motor. Ford Motor marked an 8.3 percent increase, while General Motors sales rose 5.7 percent. “It’s truly remarkable that the auto industry is finishing off its best year ever just six years after the depths of the Great Recession,” analyst Jessica Caldwell of said. “Low-APR offers and tumbling gas prices are making it easy for shoppers to buy or lease a new car.”

Via Automotive News