Thursday, December 5, 2013
Automakers Post Strong U.S. Sales in November
U.S. new car sales jumped 7.2 percent in November compared with the same month a year ago, to 16.4 million units, according to recently released figures.
General Motors led the Detroit Three automakers with a 19 percent gain, followed by Chrysler with a 16 percent bump and Ford's 7 percent climb.
Among overseas automakers, Hyundai posted its November sales record, Honda had its second best November ever and Toyota rose nearly 6 percent in the U.S.
Heavy discounting and continued strong sales of pickup trucks led the way for automakers. Pickup truck sales have climbed over the past couple of years as the economy has improved and the housing industry has regained momentum.