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PetrolPumpCheap Gas Seen Lifting Auto Sales To 8-Yr. High

Auto sales for December will hit their highest level since 2006, as low gas prices strengthen SUV and truck demand, Cars.com predicted on Monday, adding that next year’s sales could be even better. The auto website said light new vehicles during the month would jump 11.3% from last December to roughly 1.5 million.

Source: Investor’s Business Daily

salesAutomakers End 2014 Strongly, Pushing Some Brands to Records

Holiday sales, cheap gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year with several brands setting sales records. Fiat Chrysler led the way, selling just over 2 million cars and trucks for a 16 percent increase over 2013. It was the company’s best year since 2006. Nissan and Honda also reported gains in December with both Japanese automakers setting sales records. The figures show that car and truck sales finished the year strongly. For all of 2014, analysts are predicting sales of 16.5 million vehicles, up 6 percent from last year and a return to pre-recession levels. And analysts say Americans will continue to buy cars in big numbers this year. They’re predicting sales of 17 million for the first time since 2005. That’s close to the record of 17.3 million set in 2000.

Source: Associated Press

Posted by Sue Robinson on 09/01/2015