US Auto Sales Rise In November
Despite, a sluggish economy and a weak employment sector, car sales in United States surged in November, their fastest pace in two years, reflecting a lot of pent-up demand. According to a report released Thursday by Autodata Corp., the industry registered sales of 13.63 million in November, up 13.9 percent from a year earlier. The statistics surpassed the 13.4 million average projected by analysts, and is the strongest since August 2009, when sales were helped by the cash-for-clunkers economic stimulus program. Ford Motor Co. reported a 13 percent increase in sales, spurred by the demand for the new Explorer SUV which has increased more than three times over last November. Sales of the Escape were also strong. Sales of Ford's sport-utility vehicles were up 29 percent, but sales of cars fell 8.8 percent. The market for the Focus model declined for a fifth-consecutive month. General Motors' (GM) sales were up 7 percent in November. GM witnessed a 34 percent increase in sales of the Chevy Silverado, a 22 percent rise in sales of GMC Sierra and a 54 percent jump in sales of Chevrolet Cruze. GM's passenger car sales registered a one percent gain while sale of its trucks gained 25 percent. The Chrysler Group was the biggest gainer this month with sales surging 45 percent to 107,172 vehicles, its best since November 2007. The Chrysler brand registered a 92 percent increase in sales, and Jeep brand sales rose 50 percent. Reid Bigland, president and head of U.S. Chrysler and CEO of Dodge, said in a statement. The Volkswagen group reported a gain of 41 percent, thanks to the new Jetta and Passat sedans. Sales of Nissan shot up 19 percent due to strong market for its Versa and Sentra small cars.
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