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Last Update: 02-Feb-12 09:52 ET
Motor Vehicle Sales Surpass 14.0 mln SAAR
For the first time since the Cash for Clunkers program, new car sales exceeded 14.0 mln SAAR. Total sales increased from 13.56 mln in December to 14.18 mln in January. Excluding the Cash for Clunkers program, that was the largest number of cars sold since November 2008.
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Domestic sales increased to the highest point since March 2008 as sales jumped from 10.25 mln SAAR in December to 10.73 mln SAAR in January.
Domestic car sales rose from 4.20 mln SAAR in December to 5.00 mln SAAR in January while domestic truck sales fell from 6.04 mln SAAR to 5.73 mln SAAR during the same time frame.
Total imports increased from 3.31 mln SAAR in December to 3.45 mln SAAR in January.
Year-over-year, sales increased a healthy 11% in January.
Chrysler Group, with a 44% y/y increase in January, was the big winner. It was followed closely by Volkswagen, which enjoyed a 40% increase in sales. Hyundai-Kia reported a 20% increase in sales.
Ford (F, +9%), General Motors (GM, -6%), Toyota (TM, +8%) and Honda (HMC, +9%) all lost market share in January.
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Domestic sales increased to the highest point since March 2008 as sales jumped from 10.25 mln SAAR in December to 10.73 mln SAAR in January.
Domestic car sales rose from 4.20 mln SAAR in December to 5.00 mln SAAR in January while domestic truck sales fell from 6.04 mln SAAR to 5.73 mln SAAR during the same time frame.
Total imports increased from 3.31 mln SAAR in December to 3.45 mln SAAR in January.
Year-over-year, sales increased a healthy 11% in January.
Chrysler Group, with a 44% y/y increase in January, was the big winner. It was followed closely by Volkswagen, which enjoyed a 40% increase in sales. Hyundai-Kia reported a 20% increase in sales.
Ford (F, +9%), General Motors (GM, -6%), Toyota (TM, +8%) and Honda (HMC, +9%) all lost market share in January.
