U.S. auto revenue up with new models and pent-up demand

The new year is starting out on a high note for United States automobile sales. United States automakers reported year-over-year sales gains for Jan. Historically, Jan is a notoriously slow month for U.S. car revenue. The U.S. car industry finished 2010 with powerful revenue and sector experts forecast a sustained upward trend in United States automobile sales for 2011.

U.S. car sector recovering

The auto sector sale and pricing site, truecar.com reported sales increases in January. Almost every U.S. automaker reported this. You will find several reasons why the U.S. auto industry is doing this well. These contain all the new models, the higher consumer confidence, the demand going up, the stable fuel prices and the low financing rates. The Ford Motors explorer was redesigned. Others are also anxious about the General Motors Volt plug in hybrid and the Ford Explorer. Ford and General Motors rode those new models and a new public perception in manufacturing quality to the biggest revenue increases among U.S. automakers.

Details on United States automobile sales

U.S. automobile sales in Jan were not as much about fleet revenue and discounts as they were this year. That is a good sign. Now, dealer showrooms are used again. Households are returning again. A 22 percent increase in revenue for year over year was recorded by General Motors. In Jan, a 9 percent increase in revenue was recorded by Ford Motors too. General Motors increased auto revenue to individual customers 36 percent and Ford saw a 27 percent improvement in that category–the largest year-over-year increase for the company in more than 10 years. Nissan reported a 15 percent increase. A rise of 23 percent was reported by Chrysler too. Then, Toyota reported a 17 percent increase. That was not good enough though. Toyota’s sub-par performance was largely because of a recall of more than 10 million automobiles worldwide.

U.S. automobile sales trending upward

January sales were really good for U.S. automakers. It was 17 percent higher than Jan 2010 showed. There has been an increase in annual rates from 10.8 million in Jan 2010, to 12.5 million in December, to 12.6 million in January 2011. The U.S. automobile sector has shown an 11.1 percent increase this year. That means 11.6 million autos total. U.S. auto revenue bottomed out in 2009 at 10.4 million. In 2011, U.S. automakers expect the market to do well. About 13 million are anticipated to sell. In 2007, before the recession, United States auto revenue got fairly high. They made it to 16.1 million.

Information from

New York Times

nytimes.com/2011/02/02/business/02auto.html?src=busln

Bloomberg

bloomberg.com/news/2011-02-01/ahead-of-the-bell-us-auto-sales-keep-up-slow-rise.html

Daily Finance

dailyfinance.com/story/toyota/january-auto-sales-should-build-on-2010s-momentum/19820056/