With the new car sales reaching a torrid pace in the cold month of November, the three large national automakers didn’t stand still and reaped the benefits, claiming both better sales and earnings.
According to Autodata Corp, an industry consultant firm, the annualized selling rate for last month hit a great 17.2 million units tally – for the best month of November since 2003. Total sales stood at 1.3 million vehicles, up 4.6%.
General Motors, the No. 1 US automaker looks ready to move past the massive recall crisis from earlier in the year and had seen a healthy 6.5% growth last month to 225,818 autos. Buick was the best performer at 27% and GMC’s rise of 23% turned into the best November for the brand since 2001. Chevrolet was modestly up at 3% and Cadillac was the only one to post a decline – a rather steep 19%.
Among the Detroit Three, Ford – still in the process of switching the generation of its biggest asset, the F-150 full-size pickup truck – was the only one to modestly fall. Its November sales slid 1.8%, a smaller fall than analysts previously predicted, reaching a total of 186,334 units.
Chrysler on the other hand continues its incredible voyage – posting another monthly double-digit increase: new vehicle sales rose 20.1% to a tally of 170,839 vehicles. The Jeep brand jumped 27% to 57,489 units, while the Ram truck brand also increased deliveries 21% to 35,865 autos.
Via Reuters, Bloomberg