U.S auto makers sold vehicles worth of almost 1.28 million in single month. They registered the best sales in eight years. They reported that their sales soared up to 6% within a month. Chrysler moved one step more towards the Toyota’s monthly sales. The increase in sales occurred due to low prices of gasoline and low interest rates.
Since the global Economic Crisis in 2008 and 2009, U.S auto makers are poised to pose the best annual sales record on low interest rate, alluring incentives and steady increase in demand.
A private industry research group in New Jersey, named Auto data Corp reported that, “Auto sales in October climbed 6.1%, the best in a decade, to 1.28 million units as the auto makers offered healthy incentives to clear inventory.
Since 2001, Chrysler posted its best sales in October. The decrease in petrol prices has played a vital role in boosting the demand for SUV s and crossovers.
Sales of Total light vehicles also jumped directly from 1,208,036 to 1,281,313 in one month in 2013.
On the other hand, passenger car sales also increased from 580,258 to 596,231, which is nearly about 2.8%. Moreover, sales of light trucks also jumped 9.1%, from 627,778 to 685,082 during a month.
Furthermore, True Car reported that, “Average selling prices were up nearly $800 over the same time a year ago, and incentives by auto-makers increased 2.2%.”
In a nutshell, most of the auto-makers reported higher October sales. Here we present the breakdown for you.
- Chrysler sales increased almost 21.7%.
- Nissan Sales surged 13.3%
- Toyota reported 6.9% increase.
- Hence, sales at GM increased 0.2%.
- Ford Sales dropped 1.8%.
- Kia sales jumped 12.4%
- Mazda sales declined 4.8%.
- Mitsubishi sales increased 30.5%
- Subaru sales soared 24.7%
- Acura sales jumped 7.9%
- Sales of Accord soared 7.8%
- Odyssey sales plunged 7.8%
- Volkswagen Group Inc. sales climbed 10.5%
- Mercedes-Benz USA sales jumped 4%
- BMW of North America Inc. sales increased about 7.9%
- Rolls Royce sales climbed 15.5%
- Jaguar Land Rover N.A. LLC sales declined 19.8%
- Porsche Cars N.A. Inc. sales increased 2.9%
In a nutshell, sales of passenger cars in the month surged 17%, while sales of the light trucks tumbled 12.9% .