Get an Auto Loan Quote

Is a 14% Jump in December Auto Sales Realistic?

There are a whole lot of nice people on Santa’s list according to consultants J.D. Power & Associates and LMC Automotive. The pair has announced that they expect auto sales to skyrocket by 14 percent in December.

LMC is so bullish on the last month of the year that it has readjusted its forecast for the entire year, raising it from 14.4 million vehicles sold in America to 14.5 million. Overall, this is an 13.3 percent rise from the previous year.

Both analysts are now projecting sales in December to reach close to 1.36 million vehicles, which would be a 14 percent increase over the same month in 2011. Talking about the positive numbers, LMC Senior Vice President Jeff Schuster said, “The U.S. light-vehicle sales market continues to be a bright spot in the tremulous global environment,” LMC Senior Vice President Jeff Schuster said in a statement. The only major roadblock ahead for the U.S. market is the fiscal cliff. Assuming that hurdle is cleared, 2013 is one step closer to a stable and sustainable growth rate for autos, with volume above the 15 million unit mark.”

About the Author

The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
Email | Twitter | Google+