"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

The Required Disclosures

The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Tuesday, January 4, 2011

US Motor Vehicle Sales...

...are nearly impossible to find. Seriously. I have no primary sources for this, just Reuters. Which I'm not sneering at, mind you. It's just that I like going to the source.
Overall, US auto sales rose more than 11% to a level over 13 million vehicles, handily beating expectations.
GM is reporting that their sales are up 7.5% for the year (6.3%, up to 2.2 million units, in domestic sales alone). Crossover sales were up 42%, and full-sized pickup trucks were up 29%. Ford, meanwhile, reported a 6.7% increase, while Chrysler sales were up 16% and Nissan Motor Co sales were up 28%.
Looking to 2011, GM is anticipating 12.7 million to 13.2 million light vehicle sales in the US. Ford is a little less optimistic, predicting only 12.2 to 13.2 million sales in the US, but anticipates selling 75 million to 85 million vehicles worldwide.

No comments:

Post a Comment