General Motors improved its earnings in North America, making $1.7 billion in its home market.
All three domestic car companies are reporting strong sales for March, as we could end up seeing the best sales month since August of 2007.
GM sold just over 9 million vehicles in 2011. That’s 11 percent more than Volkswagen, which sold 8.1 million.
Chrysler 2011 sales are up 26 percent over 2010. GM sales are up 14 percent. Ford sales up 11 percent. Industry expected to be up 10 percent.
Worldwide new vehicle sales in 2012 are expected to rise 6.7 percent over 2011 volumes to 77.7 million vehicles, according to Polk, a Southfield-based automotive market intelligence firm.
Kelley Blue Book’s http://www.kbb.com reports that car shoppers are encouraged to buy their next used vehicle before the end of the year, as values are expected to increase 4 to 6 percent in early 2012.
All indications are that car and truck sales are starting to bounce back from a difficult summer.
While car sales won’t completely recover as fast as many analysts were expecting, a new report says domestic auto companies will get a growing part of that slowly recovering market.
President and CEO Alan Mulally told reportes the company is hoping to sell 8 million vehicles by mid-decade, up from 5.3 million vehicles last year.
Many car companies backed off on incentives and it appears that some customers have decided to wait for the deals to come back.