2013 turned in a win for the car business as automotive sales were UP in 2013 despite a slow December, 2013 showed the highest numbers in six years.
Jack Frost slowed things down in December, but overall, automakers posted the best numbers in 6 years. According to Edmunds.com, that brings U.S. car sales up 7.6% selling 15.6 million units.
December turned out to be challenging for most with some gains in certain segments, while others struggled hard.
Jessica Caldwell who's a senior analyst at Edmunds.com said, "Many parts of the country experienced bad weather which led to a weaker close than anticipated."
STATS per NY DAILY NEWS:
- Nissan said its sales in the month rose 10.5%.
- Chrysler's sales rose 6%, falling short of analysts' estimates of a gain of 8.4%.
- Hyundai was up 6%.
- GM's December sales fell by more than 6% as sales of its top-selling model, the Chevrolet Silverado pickup, dropped by 16%.
- Toyota sales fell 1.7%.
- Ford sales were up only 1.8%.
- Volkswagen, which has had a tough 2013, posted a 23% sales drop.
- Honda's sales rose 1.9%, below the 4.1% jump that was expected.
Auto sales in America have been in a steady recovery after the economic downturn in 2009 when only 10.4 million vehicles were sold. Since, sales have risen by over a million units a year.
Some analysts are expecting the growth to slow down to as little as 400,000 this year and total sales are projected to reach 16 million.